Amundi has launched three Paris-Aligned equity ETFs as part of its responsible investing ETF range.
The Amundi Euro iSTOXX Climate Paris Aligned PAB UCITS ETF (PABZ) and the Amundi MSCI Europe Climate Paris Aligned PAB UCITS ETF (PABE) are listed on Euronext Paris and have a total expense ratio (TER) of 0.18%.
The Amundi MSCI World Climate Paris Aligned PAB UCITS ETF is expected to list in September with a TER of 0.25%.
The three ETFs seek to track the future European Union Paris-Aligned Benchmark (PAB) which enables investors to gain exposure to climate positive investments.
The benchmarks for the range aim to reduce its greenhouse gas intensity by at least 50% compared to their respective parent, non-climate focused indices.
Is passive really aligned on ESG?
Fannie Wurtz (pictured), head of ETF, indexing and smart beta at Amundi, said: “The creation of the new climate benchmarks by the European Union supports our long-held belief that index management has a critical role to play in accelerating adoption of responsible investing and the delivery of climate objectives; putting the power in index investors’ hands.”
Earlier this week, Lyxor also launched a range of Paris-Aligned ETFs offering exposure to US, eurozone, world and European equities.
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