Industry Updates

AXA IM among first to list active ETFs on Euronext Paris

AXA IM to list active range on exchange

Lauren Gibbons

Brieuc Louchard

AXA Investment Managers is among the first issuers to list active ETFs on Euronext Paris following the French government's decision to approve their listings.

The AXA IM ACT Biodiversity Equity UCITS ETF (ABIT), the AXA IM ACT Climate Equity UCITS ETF (ACLU), the AXA IM Euro Credit PAB UCITS ETF (AIPE), the AXA IM USD Credit PAB UCITS ETF (AIPU) and AXA IM US High Yield Opportunities UCITS ETF (AHYU) are listed on the Euronext Paris.

Brieuc Louchard (pictured), head of ETF capital markets at AXA IM, said: “We are very proud to be one of the first ETF providers to list its active ETFs range on Euronext Paris.

“Paris was the last European stock exchange not to allow active ETFs to be listed. Now this anomaly has changed, the Paris financial centre will be able to promote innovations on the French ETF market.”

Olivier Paquier, global head of ETF sales at AXA IM, added: “This is an important step forward that will contribute to our visibility in France and allow us to continue to expand our local and international footprint.

“International investors look closely at European stock exchanges and appreciate when ETF providers are multi-listed.”

BNP Paribas Asset Management (BNPPAM) also listed two active fixed income strategies, the BNP Paribas Easy Sustainable EUR Corporate Bond (ACES) and BNP Paribas Easy Sustainable EUR Government Bond (AGES).

It comes after the French Prime Minister announced the removal of restrictions under the monetary and finance code that blocked listings in February.

As a result, the Autorité des Marchés Financiers (AMF) updated rules last Thursday, allowing for the listing of active ETFs on Euronext Paris for the first time.

AXA IM said it had been actively engaged with the French Treasury and the AMF, laying the groundwork for the firm to list its active ETF range on the exchange.

AXA IM first introduced its active range in September 2022 with the launch of ABIU and ACLU.

The firm has since expanded its active range to seven strong, most recently launching two actively-managed US bond ETFs and a passive US equity ETF last November.

According to ETFbook data, assets in active UCITS ETFs have surged five-fold from the beginning of 2015, growing from $6.1bn to $32.9bn by the close of 2023.

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