Dutch investment giant Robeco has continued its rapid roll-out of actively managed exchange-traded funds (ETFs) with new corporate bond launches.
The Robeco Global Dynamic High Yield UCITS ETF (RHYG), the Robeco Europe Dynamic High Yield UCITS ETF (RHYE), the Robeco 3D EUR Enhanced Index Credits UCITS ETF (3DCE) and the Robeco 3D Global Enhanced Index Credits UCITS ETF (3DCG) add to the range of active equity and government bond ETFs launched by Robeco last year when it entered the market.
The latest ETFs are listed on Deutsche Börse, the London Stock Exchange, Borsa Italiana and SIX Swiss Exchange. RHYG and RHYE bear total expense ratios (TERs) of 0.35% and 3DCG and 3DCE have TERs of 0.2%.
Nick King, head of ETFs at Robeco, said: “We are expanding our range of research-led active ETFs to provide efficient access to investment grade and high yield bond markets, seeking to enhance returns by utilising proven investment capabilities. The new products complement our existing range of equity and government bond ETFs.”
Our view
David Batchelor, senior analyst at QuotedData, said: “It feels like a disproportionate amount of recent active ETF launches have been in the fixed interest space, and we have another couple from Robeco just announced. The Dynamic High Yield and the 3D Enhanced Index Credits funds will be available in dollar and euro versions, available on all the expected European exchanges including the LSE. I would expect these to be in the “benchmark plus” category, particularly the 3D Enhanced offering, which will make use of factor premiums such as value, momentum, quality and risk – something perhaps more associated with equity investing, but which can equally apply to fixed income. Robeco just scrapes into the top 10 active ETF providers in Europe by market share, and these launches should shore up that position.”
