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Portfolio > ETFs

Vanguard, BlackRock, Transamerica Launch New ESG ETFs: Portfolio Products

By Jeff Berman

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Vanguard, BlackRock and Transamerica added new environmental, social and governance exchange-traded funds to their offerings, reflecting the growing interest in ESG investing.

The Vanguard ESG U.S. Corporate Bond ETF (VCEB, with a net expense ratio of 0.12%) is its first fixed income ESG ETF for U.S. investors. The fund provides investors access to the U.S. corporate bond market and widens Vanguard’s current index and actively managed ESG offerings. The Vanguard ESG U.S. Corporate Bond ETF seeks to track the performance of Bloomberg Barclays MSCI U.S. Corporate SRI Select Index and is listed on the Chicago Board Options Exchange.

BlackRock’s iShares, meanwhile, launched a new suite of ESG screened ETFs that the company said track underlying indexes from S&P Dow Jones Indices. iShares is the exclusive licensor of the indexess for use with ETFs in the U.S. The new suite includes: iShares ESG Screened S&P 500 ETF (XVV, 0.08%) tracking the S&P 500 Sustainability Screened Index; iShares ESG Screened S&P Mid-Cap ETF (XJH, 0.12%) tracking the S&P MidCap 400 Sustainability Screened Index; and iShares ESG Screened S&P Small-Cap ETF (XJR, 0.12%) tracking the S&P SmallCap 600 Sustainability Screened Index.

Transamerica launched the Transamerica High Yield ESG fund (TAJEX, 0.77%), as well as the Transamerica Sustainable Bond fund (TAPKX, 0.5%). The bond mutual funds aim to meet investors’ growing demand for responsible investments that emphasize ESG in their principles and practices, the firm said. Transamerica Asset Management selected Aegon USA Investment Management as sub-advisor for both funds.

In other ESG news, Cboe Global Markets launched cash-settled options on the S&P 500 ESG Index (SPESG). The S&P 500 ESG Index was designed to align investment objectives with ESG values and the new index options are a potential tool for investors to implement hedging, risk management, income enhancement and asset allocation strategies, it said.

State Street Enhances Fixed Income ETF Offering

State Street Global Advisors launched the SPDR Bloomberg Barclays 3-12 Month T-Bill ETF (BILS, 0.1357%), listed on the New York Stock Exchange Arca.

The new SPDR ETF was designed to give investors exposure to ultra-short term Treasury bills and covers a maturity range between the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and SPDR Portfolio Short Term Treasury ETF (SPTS). The new offering seeks to track the performance of the Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index.

Cambria Introduces Global Real Estate ETF

Cambria Investment Management launched the actively managed Cambria Global Real Estate ETF (BLDG, 0.59%) on Cboe.

BLDG joins 11 other Cambria ETFs managed using quantitative, rules-based strategies that it said span asset classes and include value, core and tactical strategies. The new ETF “offers investors global active exposure to real estate through a thoughtful, multi-factor approach focused on value, quality, and momentum,” according to Meb Faber, Cambria co-founder and chief investment officer.

Global X Targets Emerging Biotech Field

Global X ETFs listed the new Global X China Biotech Innovation ETF (CHB, 0.65%) on the Nasdaq. The fund is the latest addition to the firm’s family of thematic growth ETFs, and its goal is to invest in leading China-based companies in the emerging field of biotechnology. The fund is tracking the Solactive China Biotech Innovation Index that includes biotech companies headquartered in Hong Kong or China.

Natixis Enters Semi-Transparent ETF Market

Natixis Investment Managers jumped into the semi-transparent ETF market with the launch of three actively managed U.S. equity products on the NYSE Arca: Natixis U.S. Equity Opportunities ETF (EQOP, 0.90%); Natixis Vaughan Nelson Mid Cap ETF (VNMC, 0.90%); and Natixis Vaughan Nelson Select ETF (VNSE, 0.85%).

— Check out last week’s portfolio product roundup here: Franklin Templeton Launches New Tool for Advisors: Portfolio Products

Jeff Berman

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