Amundi expands its range of cost-effective ESG ETF solutions
Wednesday 30 September 2020
London, 30 September 2020 - Amundi, Europe’s largest fund manager1, today announces the launch of two new ESG ETFs.
The Amundi MSCI Emerging ESG Universal UCITS ETF listed on Xetra with an OGC of 0.20%2.
This ETF is designed to offer exposure to large-and mid-cap securities across 26 emerging countries. The fund tracks an index that is screened to remove exposure to thermal coal, controversial weapons, tobacco and ESG controversies; it then uses index reweighting to increase exposure to companies with a robust and improving ESG.
The Amundi MSCI World Climate Paris Aligned PAB UCITS ETF listed on Euronext Paris with an OGC from 0.25%2.
The fund completes the core Amundi climate ETF range which Amundi launched in June 2020. The Paris Aligned Benchmark (“PAB”) funds are intended to meet the needs of investors seeking to address climate change-related risks by reducing carbon intensity by 50% compared to the parent index, along with additional activity exclusions. The fund’s index also comprises a 7% year-on-year self-decarbonisation3 requirement to ensure it remains in line with the 2°C objective.
Amundi’s responsible investment range of ETFs has been developed to make sustainable investing accessible to investors whatever their ESG integration requirements and accepted tracking error compared to the parent benchmarks. This approach acknowledges the need for investors to reflect their individual goals and values within their ESG allocations.
We are pleased to enhance our range of responsible ETFs, meeting growing demand from investors for sustainable ETFs to implement cost-effective ESG and climate-positive portfolios.
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta
1 Source IPE “Top 500 asset managers” published in June 2020 and based on AUM as of end December 2019
2 Ongoing charges (OGC) - annual, all taxes included. The ongoing charges represent the charges taken from the fund over a year. Until the fund has closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs
3 In line with PAB requirement the index has a -7% minimum yearly reduction in its GHG emissions intensity.