Industry Updates

Amundi turns AI ETF to ESG in quadruple index switch

Government bond, China and energy ETFs will also change indices

Theo Andrew


Amundi is switching the indices of four ETFs to ones that track ESG metrics as it continues its push to double its sustainable fund offering by 2025.

As part of the changes, the €396m Amundi STOXX Global Artificial Intelligence UCITS ETF (GOAI) will drop STOXX as the index provider in favour of the MSCI Robotics & AI ESG Screened index.

GOAI will change its name to the Amundi MSCI Robotics & AI ESG Screened UCITS ETF and hike its total expense ratio (TER) from 0.25% to 0.30%.

In addition, the Amundi MSCI World Energy UCITS ETF (CWEU) will start tracking the Bloomberg BioEnergy ESG index and will be renamed the Amundi Global BioEnergy ESG Screened UCITS ETF.

The new index aims to track the performance of companies expected to generate a “meaningful” portion of revenue from the production, storage and distribution of renewable fuel while meeting minimum ESG standards.

Elsewhere, the Amundi MSCI China UCITS ETF (CHHN) will go from tracking the MSCI China H index to the MSCI China IMI All Share Stock Connect ESG Filtered index and will be renamed the Amundi MSCI China Tech ESG Screened UCITS ETF (CTIA).

CWEU and CTIA will go from being synthetically replicated to physically replicated.

The French giant will also switch the index on the Amundi Govt Bond Euro Broad Investment Grade UCITS ETF from the FTSE Eurozone Government Bond IG index to the Bloomberg Euro Treasury Green Bond Tilted index, renaming it in the process.

The switches will take place on 12 June. The four ETFs will be upgraded from Article 6 to Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).

The group is aiming to have 40% of its ETF range made up of ESG products by 2025, almost double the 23% it currently housed when it announced the targets in December 2021.

Amundi is continuing to merge its product range following its acquisition of Lyxor last year in a bid to consolidate its product range and benefit from economies of scale.

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