Tabula IM cuts fees on high yield bond ETF

The fund has around €60m in assets with a current yield of 6.7%. 
It aims to replicate the performance of the iBoxx MSCI ESG EUR High Yield Paris-Aligned Capped index, minus fees and expenses.
The index targets 50% lower greenhouse gas emissions than the broad euro high yield market, the firm explained, and reduces emissions by 7% per year.
Tabula launches Paris-aligned ultrashort bond ETF
Tabula CEO Michael John Lytle said: “Investors continue to seek robust Article 9 Paris-aligned solutions for their core portfolio positions. The unique characteristics of our EUR HY Bond Paris…