BNY launched five new U.S.-listed ETFs today that are designed to cover most of the core exposures in a typical strategic asset allocation plan and to complement the existing investment capabilities from our investment firms.
Today’s launches follow BNY’s first three ETFs that launched on NYSE on April 9: BNY US Large Cap Core Equity ETF (BKLC), BNY US Mid Cap Core Equity ETF (BKMC) and BNY US Small Cap Core Equity ETF (BKSE).
The full line-up of BNY ETF funds are the following:
| Products | Fee Level[1] | Benchmarks | Ticker Symbol |
| BNY US Large Cap Core Equity ETF | 0.00% | Morningstar® US Large Cap IndexSM | BKLC |
| BNY US Small Cap Core Equity ETF | 0.04% | Morningstar® US Small Cap IndexSM | BKSE |
| BNY US Mid Cap Core Equity ETF | 0.04% | Morningstar® US Mid Cap Index SM | BKMC |
| BNY International Equity ETF | 0.04% | Morningstar® Developed Markets ex-US Large Cap IndexSM | BKIE |
| BNY Emerging Markets Equity ETF | 0.11% | Morningstar® Emerging Markets Large Cap IndexSM | BKEM |
| BNY Core Bond ETF | 0.00% | Bloomberg Barclays US Aggregate Total Return Index | BKAG |
| BNY Short Duration Corporate Bond ETF | 0.06% | Bloomberg Barclays US Corporate 1-5 Years Total Return Index | BKSB |
| BNY High Yield Beta ETF | 0.22% | Bloomberg Barclays US Corporate High Yield Total Return Index | BKHY |
[1] Represents Total Expense Ratio as stated in prospectus.
Stephanie Pierce, CEO of BNY Investment Management’s ETF and Index Business, told ETF Trends that these eight U.S.-listed ETFs are designed to cover most of the core exposures in a typical strategic asset allocation plan and to complement the existing investment capabilities from our investment firms.
“We are excited to offer more of our leading investment capabilities through an ETF structure,” Pierce said. “While it is too early to share the details, our ETF roadmap is centered on meeting the needs of our clients and enabling them to access the specialist expertise across our affiliated investment firms.”
Click here to read an exclusive Q&A with Stephanie Piece about BNY’s jump into the ETF space.
