Amundi has added an emerging markets ETF to its five-strong ESG universal suite.
The Amundi MSCI Emerging ESG Universal UCITS ETF (SBIM) is listed on Xetra and Euronext Paris next month with an ongoing charges figure (OCF) of 0.20%.
Tracking the MSCI Emerging Markets ESG Universal Select index, SBIM currently offers exposure to 1,259 large and mid-cap companies across 26 emerging countries.
The index removes companies that have exposure to thermal coal, controversial weapons, tobacco and ESG controversies.
It then uses index reweighting to increase exposure to companies with robust and improving ESG scores.
The index currently has a 37% weighting to China, 14.2% to Taiwan and 12.1% to South Korea while financials and information technology are the biggest sector weightings with 22% and 20.5% , respectively.
The other four ETFs in the range offer exposure to global, European, eurozone and US equities. They are:
- Amundi MSCI World ESG Universal Select UCITS ETF (SBIW)
- Amundi MSCI EMU ESG Universal Select UCITS ETF (SBIZ)
- Amundi MSCI Europe ESG Universal Select UCITS ETF (SBIE)
- Amundi MSCI USA ESG Universal Select UCITS ETF (SBIU)
The French asset manager has also listed the Amundi MSCI World Climate Paris Aligned PAB UCITS ETF on Euronext Paris with an OCF o 0.25% taking its climate ETF range to three.
Fannie Wurtz (pictured), head of ETF, indexing and smart beta at Amundi, commented: “We are pleased to enhance our range of responsible ETFs, meeting growing demand from investors for sustainable ETFs to implement cost-effective ESG and climate-positive portfolios.”
Amundi splits its ESG ETF range into four categories; universal, leaders, SRI and climate.
Universal is the lightest green approach by offering broad market exposure with a reweighting methodology while leaders and SRI employ best-in-class approaches and climate is part of the transition towards a low carbon economy.
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