Amundi has launched 10 global ESG sector ETFs with a €600m seeding from a Dutch investor, ETF Stream can reveal.
The new range, which includes health care, financials and information technology, among others, has listed on the Deutsche Boerse, all with total expense ratios (TERs) of 0.18%.
The ETFs, which will track S&P indices of the same name, will offer a 10% uplift on the parent indices’ ESG scores and a 30% cut in their carbon intensity on average.
The new ETFs are:
Amundi S&P Global Communication Services ESG UCITS ETF (WELX)
Amundi S&P Global Consumer Discretionary ESG UCITS ETF (WELJ)
Amundi S&P Global Consumer Staples ESG UCITS ETF (WELW)
Amundi S&P Global Energy Carbon Reduced UCITS ETF (WELN)
Amundi S&P Global Financials ESG UCITS ETF (WELK)
Amundi S&P Global Health Care ESG UCITS ETF (WELS)
Amundi S&P Global Industrials ESG UCITS ETF (WELH)
Amundi S&P Global Information Technology ESG UCITS ETF (WELU)
Amundi S&P Global Materials ESG UCITS ETF (WELI)
Amundi S&P Global Utilities ESG UCITS ETF (WELD)
According to Amundi, the range will allow investors to better align their portfolios to the business cycle while respecting their responsible investment goals, offering exposure to large and mid-cap companies.
All ETFs will be labelled as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
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Arnaud Llinas, head of ETF, indexing and 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.”
Earlier this month, Amundi “completed” its climate ETF range with the launch of a global equities ETF, the Amundi MSCI ACWI SRI PAB UCITS ETF (WELB).
Outside of PABs and CTBs, Amundi launched an equal-weight S&P 500 ESG ETF in July and global aggregate bond and far east Asian equity ESG ETFs in April.