Fund Product Update

First Sentier launches private debt capability with MUFG Bank for renewables loans

First Sentier Investors has launched a private debt capability that will be initially focused on loans to the renewable energy sector. Tony Togher, head of fixed income in short term investments and global credit, will lead the strategy. Mitsubishi UFJ Financial Group (MUFG) Bank already leads the way in lending to the renewables sector in the Asia-Pacific region, headquartered in Tokyo, Japan. MUFG Bank has a commitment to ESG finance projects and sustainable growth.

BetaShares launches major bank hybrid ETF

A new exchange-traded fund (ETF) out of BetaShares is the BetaShares Major Bank Hybrids Index ETF (ASX: BHYB). The fund will invest in ASX-listed Australian dollar-denominated preference share issues with a market cap of at least $100 million from Commonwealth Bank, ANZ, NAB and Westpac. The ETF tracks the Solactive Australian Banking Preferred Shares Index.