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Vanguard expands ESG range


Vanguard expands ESG range with global corporate bond ETF
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Vanguard ESG Global Corporate Bond UCITS ETF debuted
The Vanguard ESG Global Corporate Bond UCITS ETF will track the Bloomberg Barclays MSCI Global Corporate Float-Adjusted Liquid Bond Screened index
Vanguard has expanded its ESG ETF range with the launch of a global corporate bond UCITS vehicle, under the management of the firm s $1.7trn AUM fixed income group. ....

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Vanguard adds second fund to ESG ETF range in a matter of months


Vanguard adds second fund to ESG ETF range in a matter of months
Vanguard ESG Global Corporate Bond Ucits ETF is the first fixed income product in $7.5trn asset manager’s green stable
Vanguard has added a second fund to its ESG ETF range within a matter of months as it continues to play catch-up with passive rivals on the responsible investing front.
The Vanguard ESG Global Corporate Bond Ucits ETF will track the Bloomberg Barclays MSCI Global Corporate Float-Adjusted Liquid Bond Index, which has been screened to exclude companies involved in weapons, non-renewable energy, GMOs and vice products like adult entertainment, gambling, alcohol and tobacco. Issuers with “very severe ESG controversies” or “red flags” as defined by the UN Global Compact Principle have also been removed. ....

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Vanguard launches ESG corporate bond ETF


Vanguard launches ESG corporate bond ETF
Vanguard has launched a corporate bond ETF designed to be a “core building block” for ESG portfolios.
The Vanguard ESG Global Corporate Bond Ucits ETF screens out bonds associated with non-ESG areas, such as non-renewable energy and vice products.
The benchmark that the product tracks is the Bloomberg Barclays MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index and the ongoing charges figure for the ETF is 0.15%.
Fong Yee Chan, head of ESG strategy, UK and Europe, said Vanguard was working to deliver long-term ESG strategies and that the latest ETF helped investors mitigate ESG risk or avoid companies that don’t align with their values. ....

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PEOPLE MOVES: Zurich, Lloyds Banking Group, Schroders


UBS Group COO joins board of insurance giant, as bank names protection director
Zurich
The insurance giant has hired Sabine Keller-Busse to the group’s board.
Keller-Busse is a member of the group executive board of UBS Group and holds the roles of UBS Switzerland president and group chief operating officer.
Lloyds Banking Group
Rose St Louis ha been named as protection director at the group.
She will join the group on 15 March, succeeding Gary Burchett who is retiring later this year.
St Louis was previously a director in KPMG’s insurance practice and has over 20 years of experience in financial services. ....

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People moves: Amundi names Dutch CEO; French caisse elects board president


Amundi – 
Gert-Jan Verhagen has been named chief executive officer of Amundi in the Netherlands. Prior to his new appointment, he had been head of indexing, ETF and smart beta sales for Benelux at Amundi since 2015. Prior to that, he was head of BlackRock iShares in The Netherlands since 2012, and before that he was iShares ETF senior sales director since 2010.
Verhagen worked for Van Lanschot Bankiers between 2000 and 2010, where he was head of product management investments. He started his career in finance in 1995 as a management trainee at ABN AMRO Bank. After his traineeship, he fulfilled the function of private banker investment advice between 1996 and 2000. ....

United Arab Emirates , United Kingdom , City Of , United Kingdom General , Laurent Jacquier Laforge , Roland Rott , Yves Perrier , Gert Jan Verhagen , Thomas Duun , Tim Crockford , Rob Hardy , Saurabh Sharma , Monique Durand , Steve Sarjant , Frederic Giovansili , Fong Yee Chan , Matthew Piro , Marie Anne Fran , Alex Seddon , Yo Takatsuki , Rob Sewell , Van Lanschot Bankiers , Jennifer Wu , Hassan Karimi , Bertrand Lecourt , Sean Hagerty ,