Amundi ETF

Amundi expands its climate ETF range with a new Euro Corporate Bond PAB UCITS ETF

January 26, 2023 by Amundi

London – 26 January 2023 – Amundi, the largest European asset manager and the leading European ETF provider^[1], announces that it is offering a new Euro Corporate Bond ETF tracking a PAB (Paris-Aligned Benchmark) index, now available to investors. This further confirms Amundi’s commitment to offering investors a broad and granular range of climate-conscious ETFs.

This newly available exposure is the result of an index switch and rebranding of the Lyxor ESG Euro Corporate Bond (DR) UCITS ETF that occurred on January 11^th.

Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF tracks the Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. With ongoing charges of 0.14% and over €900m in assets under management, this is the most competitive ETF on this exposure and among the largest ones available on the market^[2].

The index tracked by the ETF provides exposure to Euro-dominated Investment Grade Corporate bonds, implements strict ESG exclusions for companies involved in controversial activities^[3] and complies with the EU Paris-Aligned Benchmarks requirements, supporting a Net-Zero world by 2050 and limiting a global average temperature rise of 1.5°C. It also follows a trajectory of a 7% absolute carbon emissions reduction on an annual basis and an immediate reduction of 50% of the carbon intensity compared to the investable universe. Furthermore, the index integrates a Green Bond tilt, thus overweighting the green bonds included and favouring companies with the financing needs for green projects^[4].

Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “ETFs are important building blocks to support the climate transition for bond portfolios. With this new ETF, we continue to commit to transforming our ETF range to provide investors with a broad range of climate-conscious ETFs, both in equity and fixed income asset classes.”

Amundi has the largest ESG and climate ETF offering available on the market with about 100 UCITS ETFs^[5].

This initiative is part of the Societal Project of the Crédit Agricole Group and its commitment to the climate.

Footnotes

1. ^{^} [1] Source: Amundi, as at 30/09/2022.
2. ^{^} [2] Source: Amundi, as at 05/01/2023, relating to the European UCITS ETF market, based on available EUR Corporate Bond PAB ETFs available. Ongoing charges - annual, all taxes included. The ongoing charges represent the charges taken from the fund over a year. Until the fund has closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs.
3. ^{^} [3] Issuers involved in activities in Alcohol, Gambling, Tobacco, Conventional Weapons, Civilian Firearms, Nuclear Weapons, Unconventional Oil & Gas Revenue, Thermal Coal Power Generation, Artic Oil & Gas are excluded.
4. ^{^} [4] For further information regarding the index methodology please refer to the prospectus or KIID of the ETF or the index provider website: www.bloomberg.com.
5. ^{^} [5] Source: Amundi, ETFGI, as at 31/10/2022.