Lazard launches first three fixed income ETFs
LAZ•Lazard Asset Management launched its first three actively managed fixed income ETFs on Nov. 9, 2026. The launches bring its US ETF platform to 10 products, with more than $2 billion under management since its April 2025 debut.
1. Three new funds
The US High Yield ETF (HYB) invests primarily in below-investment-grade corporate bonds tied economically to the US and converts from a mutual fund. The Hybrid Financial Income ETF (HYFY) invests at least 80% of net assets in hybrid securities issued by financial institutions, while the Non-Dollar Active Income ETF (XDLR) invests at least 80% of assets in non-US-dollar fixed income securities, primarily emerging-market local-currency bonds.
