Tabula Investment Management has launched the Global High Yield Fallen Angels ETF, the firm's third Article 9 Paris-aligned tracker fund.
Tabula said the fund had $50m of assets with seed investment from a large Nordic institution, which was not named. The fund is designed to maximise the potential returns from what it describes as 'fallen angels', which are bonds that have been downgraded from investment grade, while aligning with climate change objectives. Tabula launches first Gulf Cooperation Council Government Bond ETF Stefan Garcia, CCO at Tabula IM, noted the investment manager's assets in Article 8 and 9 funds have grown to 80% of its ETF AUM. "This launch highlights our market-leading expertise in sustain...
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