ING has introduced the first sustainability-improvement derivative, which is tied to a firm's environmental, social and governance performance. Leonie Schreve, global head of sustainable finance, says that the market is evolving but that "there is appetite for sustainability products." Futures & Options World (subscription required) (15 Aug.)
The Commodity Futures Trading Commission should invite broad input from market participants if it intends to end US customers' access to certain foreign derivatives, companies and industry groups say. The CFTC has proposed a process for terminating relief that lets US clients buy derivatives overseas, and the process would give notice only to the foreign entity requesting relief. MLex (subscription required) (15 Aug.)
Jupiter Asset Management has debuted an actively managed global high-yield bond fund. The Global High Yield Short Duration Bond fund holds about 75 bonds, and 70% or more of the portfolio consists of bonds with five years or less remaining to maturity. Investment Week (UK) (14 Aug.)
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