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26-01-2023
Amundi expands its climate ETF range with a new Euro Corporate Bond PAB UCITS ETF
Amundi, the largest European asset manager and the leading European ETF provider[1], announces that it is offering a new Euro Corporate Bond ETF tracking a PAB (Paris-Aligned Benchmark) index, now available to investors. This further confirms Amundi’s commitment to offering investors a broad and granular range of climate-conscious ETFs.
This newly available exposure is the result of an index switch and rebranding of the Lyxor ESG Euro Corporate Bond (DR) UCITS ETF that occurred on January 11th.
Amundi EUR Corporate Bond Climate Net Zero Ambition PAB UCITS ETF tracks the Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. With ongoing charges of 0.14% and over €900m in assets under management, this is the most competitive ETF on this exposure and among the largest ones available on the market[1].
The index tracked by the ETF provides exposure to Euro-dominated Investment Grade Corporate bonds, implements strict ESG exclusions for companies involved in controversial activities[2] and complies with the EU Paris-Aligned Benchmarks requirements, supporting a Net-Zero world by 2050 and limiting a global average temperature rise of 1.5°C. It also follows a trajectory of a 7% absolute carbon emissions reduction on an annual basis and an immediate reduction of 50% of the carbon intensity compared to the investable universe. Furthermore, the index integrates a Green Bond tilt, thus overweighting the green bonds included and favouring companies with the financing needs for green projects[3].
Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “ETFs are important building blocks to support the climate transition for bond portfolios. With this new ETF, we continue to commit to transforming our ETF range to provide investors with a broad range of climate-conscious ETFs, both in equity and fixed income asset classes.”
Amundi has the largest ESG and climate ETF offering available on the market with about 100 UCITS ETFs[4].
This initiative is part of the Societal Project of the Crédit Agricole Group and its commitment to the climate.
Product information:
- ^ [1] Source: Amundi, as at 05/01/2023, relating to the European UCITS ETF market, based on available EUR Corporate Bond PAB ETFs available. Ongoing charges - annual, all taxes included. The ongoing charges represent the charges taken from the fund over a year. Until the fund has closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs.
- ^ [2] Issuers involved in activities in Alcohol, Gambling, Tobacco, Conventional Weapons, Civilian Firearms, Nuclear Weapons, Unconventional Oil & Gas Revenue, Thermal Coal Power Generation, Artic Oil & Gas are excluded.
- ^ [3] For further information regarding the index methodology please refer to the prospectus or KIID of the ETF or the index provider website: www.bloomberg.com.
- ^ [4] Source: Amundi, ETFGI, as at 31/10/2022.
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages nearly €1.9 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,400 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society
Amundi ETF, Indexing and Smart Beta is one of Amundi’s strategic business areas. With over 30 years of expertise in index solutions replication and development, Amundi is the European leading UCITS ETF provider and a partner of choice in index management, recognised for its innovation and competitiveness. The platform is also known for its ability to develop Smart Beta & Factor Investing solutions. Responsible investment is one of the platform’s strengths, not only for open funds but also for ESG and climate solutions. The business line manages over €275 billion of assets[4].
Amundi offers over 300 ETFs across all main asset classes, geographic regions and a large number of sectors and themes. Amundi is leading the ESG transformation and its ETF, Indexing and Smart Beta platform is known for its wide range of high-quality and cost-effective ESG solutions.
More information on Amundi ETF are available on the website www.amundietf.co.uk.
Amundi, a trusted partner, working every day in the interest of its clients and society.
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The Funds are respectively Amundi UCITS ETFs (“Amundi ETF”) and Lyxor UCITS ETFs (“Lyxor ETF”). Amundi ETF designates the ETF business of Amundi and includes the funds under both Amundi ETF and Lyxor ETF denomination.
The Funds are French, Luxembourg or Irish open ended mutual investment funds respectively approved by the French Autorité des Marchés Financiers, by the Luxembourg Commission de Surveillance du Secteur Financier or by the Central Bank of Ireland and authorized for marketing of their units or shares in various European countries (the Marketing Countries) pursuant to the article 93 of the 2009/65/EC Directive. The Funds can be sub-funds of the following umbrella structures:
For Amundi ETF:
- Amundi Index Solutions, Luxembourg SICAV, RCS B206810, located 5, allée Scheffer, L-2520, managed by Amundi Luxembourg S.A.
- Amundi ETF ICAV: open-ended umbrella Irish collective asset-management vehicles established under the laws of Ireland and authorized for public distribution by the Central Bank of Ireland. The management company of the Fund is Amundi Ireland Limited, 1 George’s Quay Plaza, George’s Quay, Dublin 2, D02 V002, Ireland. Amundi Ireland Limited is authorised and regulated by the Central Bank of Ireland.
For Lyxor ETF:
- Multi Units France, French SICAV, RCS 441 298 163, located 91-93, boulevard Pasteur, 75015 Paris, France, managed by Lyxor International Asset Management
- Multi Units Luxembourg, RCS B115129 and Lyxor Index Fund, RCS B117500, both Luxembourg SICAV located 28-32, place de la Gare, L-1616 Luxembourg, and managed by Lyxor International Asset Management
- Lyxor SICAV, Luxembourg SICAV, RCS B140772, located 5, Allée Scheffer, L-2520 Luxembourg, managed by Lyxor Funds Solutions.
Before any subscriptions, the potential investor must read the offering documents (KIID and prospectus) of the Funds. The prospectus in French for French UCITS ETFs and in English for Luxembourg UCITS ETFs and Irish UCITS ETFs, and the KIID in the local languages of the Marketing Countries are available free of charge on www.amundi.com, www.amundietf.com and www.lyxoretf.com or upon request to client-services-etf@lyxor.com. They are also available from the headquarters of the Amundi Index Solutions SICAV, or the headquarters of Lyxor International Asset Management (as the management company of Multi Units Luxembourg, Multi Units France and Lyxor Index Fund) or of Lyxor Funds Solutions (as the management company of Lyxor SICAV) or for Amundi ETF ICAV at the registered office of Amundi Ireland Limited or at www.amundi.ie.
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