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Amundi launches Global ESG Sector ETF range
October 12, 2022
Amundi, the largest European asset manager and the leading European ETF provider[1], announces the launch of a comprehensive and cost-competitive suite of Global ESG Sector ETFs.
The range covers most of the GICS® (Global Industry Classification Standard) market segments, including Communication Services, Consumer Discretionary, Consumer Staples, Financials, Health Care, Industrials, Information Technology, Materials, and Utilities.
This new range of ESG equity sector ETFs allows investors to better align their portfolios to the business cycle while respecting their responsible investment goals. These ETFs come with limited tracking error, a 10% uplift on the parent indices’ ESG scores and a 30% cut in their carbon intensity on average. The S&P indices tracked by these ETFs allow investors to get exposure to large and mid-cap companies across developed countries and to incorporate exclusion criteria for controversial activities[2].
Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “Investors are increasingly looking for simple, transparent and cost-effective investment tools to switch their core allocation into ESG equivalents and for some, that core includes sectors. We’re delighted to launch the lowest-cost range of global ESG sector UCITS ETFs available in the market, with ongoing charges of 0.18%[3]. The range will gather more than €600m euros in the upcoming days thanks to the support of a leading Dutch investor”.
With this addition, Amundi now offers one of the largest ranges of UCITS sector ETFs, offering investors the opportunity to gain exposure to sectors with or without an ESG overlay, depending on their investment goals[4].
This initiative is part of the Societal Project of Crédit Agricole Group and its commitment to the climate.
Footnotes
- ^ Source: Amundi, as at 30/06/2022.
- ^ Sector exclusions include tobacco, controversial weapons, civilian & military small arms, thermal coal, oil & gas (including arctic oil & gas), oil sands, shale gas. Further details on the investment policy are available on the index provider website.
- ^ Source: Amundi, Bloomberg, as at 05/10/2022.
- ^ Source: Amundi, as at 05/10/2022.
Expert
Arnaud Llinas is Head of ETF, Indexing & Smart Beta Business line at Amundi since January 2022. Arnaud Llinas has been Head of Lyxor ETF division since 2013. Befor[...]
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About Amundi
About Amundi
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society
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