AXA IM launches a new active ETF exposed to global high yield

AXA Investment Managers (AXA IM) has launched a new active fixed income ETF, AXA IM Global High Yield Opportunities UCITS ETF, leveraging AXA IM’s long-standing expertise in high yield.

This active ETF focuses on high yield corporate bonds included in the Developed Markets High Yield Index (USD Hedged), and primarily listed or traded on global developed markets. This ETF is actively managed and aims for a low deviation from the benchmark in terms of portfolio composition and price, although the deviation in terms of weighting can be significant. The portfolio construction applies the credit selection and credit risk monitoring developed by AXA IM’s high yield credit research based in Europe and the United States, and implements AXA IM's policy on ESG standards and sector exclusions.

Olivier Paquier, Global Head of ETF Sales at AXA IM, said: "This new active ETF aligns with our ambition to offer a broader range of products that address three key trends to better meet investors’ needs: fixed income solutions, active management in an ETF format, as well as environmental, social, and governance (ESG) considerations in line with SFDR - Article 8. Through this ETF, we can provide a simple, transparent and liquid access to a dynamic and flexible expertise, for which we are recognized."

This ETFs will be managed in a physical manner and is classified as Article ​ 8 under the Sustainable Finance Disclosure Regulation¹. The annual Total Expense Ratio (TER) will reach a maximum of 0.45²%.

AXA IM Global High Yield Opportunities UCITS ETF (tickers: AGYU for the capitalization share class and AIGU for the distribution share class) is available on XETRA - Deutsche Boerse and Borsa Italiana, in USD and EUR, and will be listed on SIX Swiss Exchange soon.

At launch, the ETF will be available to institutional investors and retail investors in Austria, Germany, Denmark, Finland, France, Italy (for professionals only), Liechtenstein, Luxembourg, Netherlands, Norway, Spain and Sweden.

This ETF is the 14^th product launched by AXA IM since the creation of the ETF business in September 2022 and the 7^th fixed income ETF.

To date, AXA IM's ETF activity represents $3 billion of assets under management, with $600 million net inflows year to date.

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_{1 The classification of the AXA IM Global High Yield Opportunities UCITS ETF under SFDR may be subject to adjustments and amendments, since SFDR has come into force recently only and certain aspects of SFDR may be subject to new and/or different interpretations than those existing at the date of this prospectus. As part of the ongoing assessment and current process of classifying its financial products under SFDR, the Manager reserves the right, in accordance with and within the limits of applicable regulations and of the AXA IM Global High Yield Opportunities UCITS ETF’s legal documentations, to amend the classification of the Funds from time to time to reflect changes in market practice, its own interpretations, SFDR-related laws or regulations or currently-applicable delegated regulations, communications from national or European authorities or court decisions clarifying SFDR interpretations. Investors are reminded that they should not base their investment decisions on the information presented under SFDR only.}

_{2ISIN codes of the share classes: ISIN IE000O2QIHN4 (max TER: 0,45 %), ISIN IE0000FA5GB7 (max TER: 0,45 %). Investment will be reduced by the costs mentioned and these fees do not take into account any transaction fees charged by intermediaries.}