Amundi issues SRI range amidst ESG fad

by , 12th November 2018

Amundi has announced the expansion of its Socially Responsible Investing (SRI) range with the launch of three equity ETFs and two fixed income ETFs.

With the latest craze of Environmental, Social and Governance (ESG) ETFs being issued left, right and centre, Amundi is trying not to neglect the original moral investment product, SRI. ESG and SRI are becoming equally more important and popular in today’s industry with ESG strategies accounting for a quarter of the global AUM, according to Amundi.

ESG ETFs use the method of screening and weighting the companies that comprise the benchmark depending on their ESG scores. As explained by Benoit Sorel of iShares in a conversation with ETF Stream last month, SRI ETFs are like factor investing within ESG. The ETFs are formed of 25 per cent of the best ESG scored firms per sector. This excludes any company involved within alcohol, tobacco, gambling, weapons, nuclear power and adult entertainment.

Equity

Amundi Index MSCI World SRI UCITS ETF WSRI 0.18 per cent
Amundi Index MSCI USA SRI UCITS ETF USRI 0.18 per cent
Amundi Index MSCI Europe SRI UCITS ETF EUSRI 0.18 per cent

Fixed Income

Amundi Index US Corp SRI – UCITS ETF UCRP 0.16 per cent
Amundi Index Euro Agg Corporate SRI – UCITS ETF ECRP 0.16 per cent

Each equity ETF will be tracking and replicating the MSCI SRI index corresponding to its region. Similarly, UCRP and ECRP will be tracking and replicating the Bloomberg Barclays MSCI US Corporate SRI Index and the Bloomberg Barclays MSCI US Corp SRI Total Return Index, respectively.

Fannie Wurtz, Managing Director at Amundi ETF, said: “Amundi is committed to meeting the growing need for socially responsible investment solutions. Investors will now be able to benefit from a full range of SRI ETFs, spanning both equity and fixed income. Alongside this range of ETF and index funds, we will also continue to work closely with investors and build bespoke ESG solutions aimed at serving their particular needs.”

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