Alternative Investments/ESG: Amundi Launches Sustainable ETF With Exposure To Japanese Stocks
Amundi’s new ESG ETF invests in large and mid-cap Japanese stocks.
The Amundi Index MSCI Japan SRI UCITS ETF offers exposure to large and mid-cap companies with outstanding Environmental, Social, and Governance (ESG) ratings in the Japanese market.
The new ETF is an extension of Amundi’s range of sustainable ETFs. (ETF Stream)
Amundi Index MSCI Japan SRI UCITS ETF
The ETF tracks the performance of the MSCI Japan SRI Filtered ex Fossil Fuels Index, which in turn is an equity index based on the MSCI Japan Index (the parent index). The index is representative of the large and midcap stocks of the Japanese market.
It excludes issuers involved in Nuclear, Tobacco, Thermal Coal, Alcohol, Gambling, Controversial Weapons, Conventional Weapons, Civilian Firearms, Oil & Gas, Fossil Fuels, Genetically Modified Organisms (GMO), and Adult Entertainment.
Its total expense ratio is 0.18%. No performance fees apply.
It is an accumulation fund and will be managed by Amundi Luxembourg SA, an entity that is part of the Amundi group.
The ETF is market-cap weighted and includes a 5% capping on issuer weights. It comprises 68 stocks, compared to 320 names in its parent index.
The fund’s largest holding is Nintendo with 5.6% weighting ahead of Daikin Industries with 5% and Sony with 4.7%.
It is listed on the Deutsche Boerse and Euronext Paris.
ESG ETFs continue record run
European ESG ETFs continued their strong trend and set a record for assets gathered in a month (€3.9 billion), according to the latest Money Monitor report from Lyxor ETF for September.
Related Story: Amundi Expands ESG Range With Two New ETFs
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