SSGA launches HY index fund with ESG screens in effort to convert active investors
95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.
State Street Global Advisors (SSGA) is launching a global high-yield bond, ESG screened index fund, which offers investors access to the global high yield market in the form of the ICE BofA Global High Yield Constrained Index, the asset manager writes in a statement forwarded to AMWatch.
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