Alternative Investments/ESG: Amundi’s Climate Paris Aligned ETF Range Gets Fixed Income Fund

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The new low-cost fixed income fund invests in investment-grade euro corporate bonds.

French asset manager Amundi has expanded the range of its Paris-aligned climate ETFs. The  Amundi iCPR Euro Corp Climate Paris Aligned PAB – Ucits ETF DR will invest in investment-grade euro corporate bonds. (Funds Europe)

Amundi pioneered low carbon index investing in 2014. It launched one of the first Paris Aligned Benchmark (PAB) ETFs in 2020.

Amundi iCPR Euro Corp Climate Paris Aligned PAB – Ucits ETF DR

The new ETF is listed on the Xetra exchange and features an ongoing charge of 0.16%.

That makes it the lowest cost bond ETF that is linked to a Paris Aligned Benchmark (PAB).

The ETF provides investors an investment solution designed to reduce average Greenhouse gas emissions by 50% vs. its investable universe with an additional year-on-year self-decarbonization of -7% objective.

Further, the ETF will exclude some issues based on normative and sector criteria.

Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, said: “The launch of this ETF illustrates our unwavering commitment to developing simple, ready-to-use tools that help investors to implement their ESG and climate strategy depending on their objectives and constraints. We believe that ETFs have a critical role to play in driving the transition to a low carbon economy.”

With the launch of the latest ETF, the asset manager has created a wide range of both equity and fixed income Paris-aligned climate ETFs that are all classified under the SFDR Article 9.

Related Story:  Amundi’s New DAX ESG ETF

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