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21-07-2022
Amundi provides investors with first ESG ETF on Italian blue chips
Indeed, the Amundi FTSE MIB UCITS ETF recently became the Amundi Italy MIB ESG – UCITS ETF DR[1] and it is now the first ETF tracking the newly created MIB ESG index, developed by Euronext.
The index tracked by the ETF offers exposure to the 40 main Italian stocks which demonstrate strong Environmental, Social and Governance practices among the 60 most liquid Italian companies listed on the Italian Stock Exchange.
It applies norm-based exclusion filters in accordance with the United Nation (UN) Global Compact principles and a negative screening allows to exclude companies involved in controversial business practices[2]. The ETF also aims to deliver an improved weighted carbon intensity compared to its investible universe.
Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “Responsible investing is at the heart of Amundi’s ETF product development strategy, this is why we are delighted to partner again with Euronext and accompany investors in the reorientation of capital towards sustainable portfolios. We believe that issuing ESG equivalent of national blue chip indices is also instrumental to help democratize ESG investing”.
Fabrizio Testa, CEO, Borsa Italiana, part of Euronext Group, added: “Following the launch of the MIB ESG last October, Euronext is glad that Amundi decides to launch the Amundi Italy MIB ESG – UCITS ETF DR. This is further evidence of strong market appetite for solutions that enable the integration of ESG considerations into core investment portfolios. We look forward to continuing to collaborate with our clients in developing products supporting this ESG transition, in line with our ‘Fit for 1.5°’ commitment".
The ETF is classified under article 8 of the EU’s SFDR regulation[3] and is offered with competitive ongoing charges of 0.18%[4].
This initiative is part of the Societal Project of the Crédit Agricole Group and its commitment to the climate.
Product information
- ^ [1] The underlying index and name change was effective on 20/06/2022.
- ^ [2] The index composition is based on the ESG criteria analysis by Vigeo Eiris, a Moody’s ESG Solutions company. Sector exclusions include tobacco, thermal coal mining, tar sands and oil shales, civilian firearms and controversial weapons. Further details on the investment policy are available on the index provider website.
- ^ [3] SFDR: “Sustainable Finance Disclosure Regulation” – 2019/2088/EU. European Union regulation that requires, amongst other things, the classification of financial products according to their ESG intensity. A fund is referred to as “Article 8” if it promotes ESG characteristics in tandem with other financial objectives, or “Article 9” when it has a sustainable investment objective. Any fund that does not comply with the two previous categories is an “Article 6” fund.
- ^ [4] 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.
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.
With its six international investment hubs[2], 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 5,300 employees in 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.0 trillion of assets[3].
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 €309 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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Main Risks: Investment in a Fund carries a substantial degree of risk such as Risk of capital loss - Underlying risk - Volatility Risk. Before any investment, please read the detailed descriptions of the main risks in the KIID and prospectus.
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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.
Any projections, valuations and statistical analyses provided herein are provided to assist the recipient in the evaluation of the matters described herein. Such projections, valuations and analyses may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results; accordingly such projections, valuations and statistical analyses should not be viewed as facts and should not be relied upon as an accurate prediction of future events. There is no guarantee that any targeted performance will be achieved.
The provided information is not guaranteed to be accurate, exhaustive or relevant: although it has been prepared based on sources that Amundi Asset Management considers to be reliable it may be changed without notice. Information remains inevitably incomplete, based on data established at a specific time and may change.
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PR_ETF MIB ESG_EN.pdf
20-07-2022
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