Amundi, the largest European asset manager and the leading European ETF provider[1], continues to expand its climate ETF range with the launch of the Amundi MSCI ACWI SRI PAB UCITS ETF DR.
The Amundi MSCI ACWI SRI PAB UCITS ETF DR tracks the MSCI ACWI SRI Filtered PAB Index with ongoing charges of 0.20%[2]. The index is well diversified and includes more than 500 global stocks across 23 Developed Markets and 24 Emerging Markets countries[3].
Its best-in-class ESG approach selects only companies with the highest ESG scores relative to their sector peers from the MSCI ACWI Index. The index is designed to be in line with the requirements of the EU’s Paris-Aligned Benchmarks (PAB) climate indices in accordance with the objectives of the Paris Agreement to support a Net-Zero world by 2050 and limit the global average increase in temperature to 1.5°C. Therefore, the index replicated by this new Amundi ETF follows a trajectory of a 7% absolute carbon emissions reduction on an annual basis and integrates an immediate reduction of 50% of the carbon intensity compared to the investable universe[4].
The Amundi MSCI ACWI SRI PAB UCITS ETF DR now completes Amundi’s range of 29 ETFs aligned with EU’s PAB and CTB (Climate Transition Benchmarks) indices, diversified across geographies and accounting for close to EUR 19bn assets under management[5].
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 expanding our climate ETFs range to help investors achieve their Net Zero objectives”.
This initiative is part of the Societal Project of Crédit Agricole Group and its commitment to the climate.
- Source: Amundi, as at 30/06/2022.
- Source: Amundi, Bloomberg, as at 28/07/2022.
- Source: MSCI, as at 30/06/2022. Developed Markets countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US. Emerging Markets countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
- For further information on the MSCI ACWI SRI Filtered PAB index methodology, please consult the Methodology document available on www.msci.com.
- Source: Amundi, as at 28/09/2022.
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