Alternative Investments/ESG: New “Blue Economy” Equity ETF From BNP Paribas

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The Blue Economy refers to sustainable economic activities that depend on the seas and oceans.

Investors looking for sustainable investment opportunities may consider ESG criteria like the blue economy and its sectors such as renewable marine energies, biotechnologies, aquaculture and fishing, tourism, and environmental protection. The new BNP Paribas Easy ECPI Global ESG Blue Economy UCITS ETF is tailor-made for this purpose. (EN24)

New ESG ETF from BNP Paribas

This equity ETF tracks the ECPI Global ESG Blue Economy Index.

It is an equally weighted index of 50 components, designed to track the performance of companies best placed, in global developed markets, to seize the opportunities provided by the sustainable use of ocean resources. The targets must have a minimum market cap of €500 million.

The thematic selection of the index is:

  • Coastal Livelihood
  • Energy & Resources
  • Fish and Seafood
  • Pollution Reduction
  • Shipping Lanes

Of course, the classic ESG criteria and compliance with the guidelines of the UN Global Compact apply. This means that companies with significant business activities in tobacco, steam coal, oil and gas production, and genetically modified organisms are not considered.

The ETF has an expense ratio of 0.30% and income is accumulated.

It is being traded in the Xetra trading segment of Deutsche Börse from October 7, 2020.

Claus Hecher, Head of Business Development for ETF and Index Solutions at BNP Paribas Asset Management commented: “The launch of the world’s first Blue Economy ETF is a logical continuation of our strong commitment to developing a systematic ESG approach that we began over twelve years ago have initiated. It affirms BNPP AM’s desire to remain a pioneer in sustainable investing through continuous product innovation. ”

Related Story:   New ETFs For ESG Investing From iShares

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