BNP Paribas AM launches first ESG real estate ETF

BNP Paribas Asset Management has expanded its environmental, social and governance (ESG) offering with the launch of Europe’s first responsible real estate ETF.

The BNP Paribas Easy FTSE EPRA/NAREIT Developed Europe ex UK Green UCITS ETF (GREAL) has listed in Paris and Frankfurt with a fee of 0.40%.

GREAL tracks the FTSE EPRA NAREIT Green index and offers investors exposure to the most environmentally friendly listed real estate companies in developed Europe excluding the UK.

The launch shortly follows the firm listing two corporate bond ESG funds which listed on Wednesday.

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Isabelle Bourcier, head of quantitative and index management at BNP Paribas AM said in a statement: “Listed real estate has been part of our range for over ten years, with over €1bn of assets under management.

“Its availability within an ETF is greatly appreciated by investors due to the benefits that it offers in terms of portfolio diversification, yield, protection against inflation risk and liquidity.

“The launch of this fund enables our clients, who are increasingly sensitive to climate issues and the impact of their investments, to focus on the most environmentally friendly listed companies in the real estate sector.”

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