New Listing

Ossiam launches ESG-version of global equities Shiller ETF

Following the launch of EUPA in January

Theo Andrew

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Ossiam has expanded its Shiller ETF range with the launch of an actively-managed global equities ESG ETF, ETF Stream can reveal.

The Ossiam ESG Shiller Barclays CAPE Global Sector UCITS ETF (5HGU) is listed on the Deutsche Boerse with a total expense ratio (TER) of 0.75%.

It follows the launch of the Ossiam Shiller Barclays Cape Global Sector Value UCITS ETF (EUPA) in January.

The ETF will aim to outperform the global equity markets through a selection of developed market equities initially drawn from the MSCI World.

It will then select large and mid-cap companies that are part of the Shiller Barclays CAPE Global Sector Net TR index, constructed based on the cyclically-adjusted price/earnings ratio (CAPE) developed by Professor Robert Shiller.

The strategy includes an ESG filter, which selects companies using a “best-in-class” approach while excluding those in breach of the UN Global Compact principles, as well as companies involved in controversial weapons, tobacco or the coal industry.

Bruno Poulin, CEO of Ossiam, commented: “By launching an ESG version of the global equities fund, we aim to offer investors with a responsible investment mandate the proven advantages of the Shiller strategy.

“It combines an investment roadmap to dynamically select attractive sectors with ESG filters to invest in companies with the highest sustainable profile.”

The entire Shiller Barclays ETF range now has $4.6bn assets under management (AUM), which as well as EUPA, also includes normal and ESG versions of European and US equity ETFs.

In March, the group shut two ETFs on low demand. The Ossiam Risk Weighted Enhanced Commodity Ex Grains UCITS ETF (CRWE) was liquidating on 20 April and that it was seeking board approval to close the Ossiam World ESG Machine Learning UCITS ETF (OWLE).

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