The Amundi Euro iSTOXX Climate Paris Aligned PAB UCITS ETF (PABZ) and the Amundi MSCI Europe Climate Paris Aligned PAB UCITS ETF (PABE) are listed on Euronext Paris and have a total expense ratio (TER) of 0.18%.
The Amundi MSCI World Climate Paris Aligned PAB UCITS ETF is expected to list in September with a TER of 0.25%.
The three ETFs seek to track the future European Union Paris-Aligned Benchmark (PAB) which enables investors to gain exposure to climate positive investments.
The benchmarks for the range aim to reduce its greenhouse gas intensity by at least 50% compared to their respective parent, non-climate focused indices.
Is passive really aligned on ESG?
Fannie Wurtz (pictured), head of ETF, indexing and smart beta at Amundi, said: “The creation of the new climate benchmarks by the European Union supports our long-held belief that index management has a critical role to play in accelerating adoption of responsible investing and the delivery of climate objectives; putting the power in index investors’ hands.”
Earlier this week, Lyxor also launched a range of Paris-Aligned ETFs offering exposure to US, eurozone, world and European equities.
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