Alternative Investments/ESG: Amundi Launches Paris-Aligned ETF Focused On Large And Mid-Cap Stocks Globally
The new Amundi ETF provides Paris-aligned exposure to companies with strong ESG profiles from developed and emerging markets worldwide.
Amundi has launched the Amundi MSCI ACWI SRI PAB UCITS ETF on the Deutsche Börse Xetra in US dollars (WELB GY) and euros (WELA GY).
The new fund is linked to the MSCI ACWI SRI Filtered PAB Index which is constructed from the parent MSCI ACWI universe of large and mid-cap stocks from 23 developed market and 24 emerging market countries globally. (ETF STRATEGY)
The fund has an expense ratio of 0.20% and is classified as an Article 9 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).
Amundi ETF: Methodology
After excluding companies involved in objectionable activities (for example, tobacco, weaponry, or alcohol) the remaining stocks are rated on the basis of ESG scores.
Only the highest rated companies are included in the index and then weighted using an optimization process that is designed to satisfy the requirements of EU Paris-Aligned Benchmarks.
Specifically, the index delivers an immediate 50% reduction in weighted average carbon intensity compared to the parent universe as well as a further 10% annual decarbonization going forward, aligning with a trajectory to limit global warming to 1.5°C by 2050.
Matthieu Guignard, Head of Products, Platforms & Investment Specialists at Amundi ETF, Indexing & Smart Beta, said: “Investors are looking for more tools to take climate action in a transparent, simple, and cost-effective way.
“We are delighted and committed to further expand our climate ETFs range to help investors achieve their Net Zero objectives”.
Related Story: DWS Expands ESG Range With Three Paris-Aligned ETFs
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