PABZ
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Equity
AMUNDI EURO ISTOXX CLIMATE PARIS ALIGNED PAB UCITS ETF DR (C)
TER (bps):
18
AUM (USD m):
84
ISIN:
LU2182388582
Domicile:
Luxembourg
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
18 May 2023
Climate Fund:
Yes
Benchmark
The EURO iSTOXX Ambition Climat PAB Index is based on liquid securities from the EURO STOXX Total Market Index. The index follows the EU Paris-aligned Benchmark (EU PAB) requirements outlined by the Technical Expert Group (TEG) on climate benchmarks. The index is designed to help investors shift towards a low-carbon economy and align investments to the Paris Climate Agreement. Companies identified as non-compliant based on Sustainalytics Global Standards Screening (GSS) assessment, or are involved in anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium and white phosphorus weapons are not eligible for selection. Tobacco producers, as identified by ISS ESG, are also not eligible. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities are excluded. Additionally, securities that derive more than 10% of their revenues from thermal coal based power generation, or more than 50% from power generation with carbon intensity of lifecycle emissions higher than 100gCO2e/kWh are not considered for selection.
PERFORMANCE
