With the latest craze of Environmental, Social and Governance (ESG) ETFs being issued left, right and centre, Amundi is trying not to neglect the original moral investment product, SRI. ESG and SRI are becoming equally more important and popular in today's industry with ESG strategies accounting for a quarter of the global AUM, according to Amundi.
ESG ETFs use the method of screening and weighting the companies that comprise the benchmark depending on their ESG scores. As explained by Benoit Sorel of iShares in a conversation with ETF Stream last month, SRI ETFs are like factor investing within ESG. The ETFs are formed of 25 per cent of the best ESG scored firms per sector. This excludes any company involved within alcohol, tobacco, gambling, weapons, nuclear power and adult entertainment.
|Amundi Index MSCI World SRI UCITS ETF||WSRI||0.18 per cent|
|Amundi Index MSCI USA SRI UCITS ETF||USRI||0.18 per cent|
|Amundi Index MSCI Europe SRI UCITS ETF||EUSRI||0.18 per cent|
|Amundi Index US Corp SRI - UCITS ETF||UCRP||0.16 per cent|
|Amundi Index Euro Agg Corporate SRI - UCITS ETF||ECRP||0.16 per cent|
Fannie Wurtz, Managing Director at Amundi ETF, said: "Amundi is committed to meeting the growing need for socially responsible investment solutions. Investors will now be able to benefit from a full range of SRI ETFs, spanning both equity and fixed income. Alongside this range of ETF and index funds, we will also continue to work closely with investors and build bespoke ESG solutions aimed at serving their particular needs."