Amundi launches Global ESG Sector ETF range

Thursday 13 October 2022

Product, Press Release

        

Paris – 12 October 2022 – Amundi, the largest European asset manager and the leading European ETF provider1, announces the launch of a comprehensive and cost-competitive suite of Global ESG Sector ETFs.

The range covers most of the GICS® (Global Industry Classification Standard) market segments, including Communication Services, Consumer Discretionary, Consumer Staples, Financials, Health Care, Industrials, Information Technology, Materials, and Utilities.      

This new range of ESG equity sector ETFs allows investors to better align their portfolios to the business cycle while respecting their responsible investment goals. These ETFs come with limited tracking error, a 10% uplift on the parent indices’ ESG scores and a 30% cut in their carbon intensity on average. The S&P indices tracked by these ETFs allow investors to get exposure to large and mid-cap companies across developed countries and to incorporate exclusion criteria for controversial activities2.

Investors are increasingly looking for simple, transparent and cost-effective investment tools to switch their core allocation into ESG equivalents and for some, that core includes sectors. We’re delighted to launch the lowest-cost range of global ESG sector UCITS ETFs available in the market, with ongoing charges of 0.18%3. The range will gather more than €600m euros in the upcoming days thanks to the support of a leading Dutch investor

Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi

  

With this addition, Amundi now offers one of the largest ranges of UCITS sector ETFs, offering investors the opportunity to gain exposure to sectors with or without an ESG overlay, depending on their investment goals4.

This initiative is part of the Societal Project of Crédit Agricole Group and its commitment to the climate.

                                                    

Read the press release

     

1. Source: Amundi, as at 30/06/2022.
2. Sector exclusions include tobacco, controversial weapons, civilian & military small arms, thermal coal, oil & gas (including arctic oil & gas), oil sands, shale gas. Further details on the investment policy are available on the index provider website.
3. Source: Amundi, Bloomberg, as at 05/10/2022.
4. Source: Amundi, as at 05/10/2022.