Amundi, Europe's largest asset manager, and the leading European ETF provider[1], has strengthened its ETF offering for investors looking to tackle climate change.
Having provided investors with one of the very first ranges of ETFs tracking SRI ex Fossil Fuel indices in 2020, Amundi has now made this range of nine ETFs even more climate conscious[2]. Effective 1st March 2022, the entire range – which accounts for more than 12 billion euros overall in assets under management (up 120% compared to one year ago)[3] – tracks the MSCI SRI Filtered PAB indices.
The range will be in line with the criteria of the EU’s Paris-Aligned Benchmark (PAB) climate indices, which were, in accordance with the most ambitious objectives of the Paris Agreement, designed to support a Net-Zero world by 2050 and limit the global average increase in temperature to 1.5°C. The new indices replicated by these Amundi ETFs follow a trajectory of a 7% absolute carbon emissions reduction on an annual basis and integrate an immediate reduction of 50% of the carbon intensity compared to the investable universe.
Amundi offers one of the widest and most cost-efficient range of ETFs which track SRI PAB indices, with a comprehensive product offering across multiple geographical areas (EMU, Pacific Ex-Japan, UK IMI, EM Asia)3.
In addition, the indices tracked by four other Amundi ETFs have also been changed to integrate climate criteria. These ETFs now track MSCI ESG Broad CTB Select indices, which were built in line with the objectives of the EU’s Climate Transition Benchmark (CTB) indices.
- Source: Amundi, as at 31/12/2021.
- Refers to EU climate benchmark indices.
- Source: Amundi ETF, Indexing & Smart Beta, Bloomberg, as at 31/01/2022.
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