L&G expands fixed income ETF range with the launch of ex-banks corporate bond UCITS ETF

October 17, 2024--First of its kind ETF focuses on quality, stability, diversification and income.
Legal & General's Asset Management division has today announced the expansion of its ETF range with the launch of the L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF. The ETF will provide investors with exposure to highly rated Euro- and USD- denominated corporate bonds with a short duration and exclude bank issuers.

Anchor investor in this ETF is German asset manager Gerd Kommer Invest (GKI).

This launch will add to L&G Asset Management's broad set of capabilities in the index fixed income space, with the ETF complementing its successful existing range, including the L&G India INR Government Bond UCITS ETF and the L&G ESG EM Corporate Bond UCITS ETF amongst other strategies.

The banking sector accounts for a large share of total issuance within today's global corporate bond market. Such concentration can limit the diversification effects of many corporate bond indices on the market.

Columbia Threadneedle Investments expanding US active ETF range to Europe

May 19, 2025--A 'natural expansion' for the firm
Columbia Threadneedle Investments is set to expand its active ETF offering to the European market as it looks to branch out from its existing US range.