Alternative Investments/ESG: Amundi Rolls Out Climate-Change Focused ETFs In Europe
The two new Amundi funds are focused on the developed Pacific and European small-cap equity markets.
Amundi has introduced two new funds to its lineup of ETFs designed to combat climate change. These funds are focused on small-cap equity markets in Europe and the developed Pacific region. The Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF and Amundi MSCI Europe Small Cap ESG Climate Net Zero Ambition CTB UCITS ETF have been added to the Deutsche Börse Xetra in euros.
Each ETF has been classified as an Article 8 product under the Sustainable Finance Disclosure Regulation (SFDR), and their expense ratios are 0.45% and 0.35%, respectively. (ETF Strategy)
These funds are linked to ESG Broad CTB Select indices from MSCI, which have been created to meet the requirements of EU Climate Transition Benchmarks. The indices are built from the parent MSCI Pacific Index and the MSCI Europe Small Cap Index, which cover large and mid-cap stocks and smaller-capitalization companies in developed markets in Europe, respectively. The methodology removes companies with severe ESG-related controversies and those with operations in controversial industries, such as tobacco and thermal coal.
The indices then select and weight their constituents using an optimization process that aims to achieve various ESG-related objectives while maintaining a tracking error of less than 0.75% relative to the parent indices.
Amundi already has seven climate-focused ETFs that adhere to EU CTB requirements and target stocks from global developed, North American, US, European, eurozone, Japanese, and emerging market universes.
Related Story: Amundi Launches Paris-Aligned ETF Focused On Large And Mid-Cap Stocks Globally
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