Amundi, Europe’s largest asset manager, and the leading European ETF provider, confirms its commitment to provide investors with an increasingly larger suite of ESG products. As such, Amundi transitioned two of its core equity ETFs (on CAC 40 and STOXX Europe 600) into equivalent ESG exposures. This initiative is part of the Societal Project of Crédit Agricole Group and its commitment to the climate.
Effective 21st March 2022, the Amundi CAC 40 UCITS ETF DR became the Amundi CAC 40 ESG UCITS ETF DR. The ETF tracks the CAC 40 ESG index and allows investors to benefit from exposure to the 40 leading stocks on the French market which demonstrate strong Environmental, Social and Governance practices taken from the CAC Large 60 index, through a strict negative screening and a best-in-class selection approach. This ETF has a reduced weighted carbon footprint, and its improved “green-to-brown” ratio supports the transition towards more low-carbon investments. With €1.2 billion in assets under management, this is the largest ETF available in the market on this exposure.
On the same date, the Amundi Stoxx Europe 600 UCITS ETF became the Amundi Stoxx Europe 600 ESG UCITS ETF DR. This ETF tracks the STOXX Europe 600 ESG Broad Market index and allows investors to benefit from an exposure to developed European countries’ stocks by selecting 80% of the stocks with the highest ESG score taken from the STOXX Europe 600 index. Issuers involved in controversial business practices are excluded.
Both ETFs are now classified under article 8 of the EU’s SFDR regulation.
Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, said: “Investors are increasingly looking for more options in order to reorient their portfolio towards responsible investments. These changes in our product range reflect our commitment to accelerating the ESG transition”.
- Source: Amundi, as at 31/12/2021.
- Sector exclusions include controversial weapons, civilian firearms, thermal coal mining, coal fueled power generation, Tar sand and oil and tobacco. Further details on the investment policy are available on the index provider website: www.euronext.com
- Source: Amundi ETF, Indexing & Smart Beta, Bloomberg, as at 28/03/2022.
- Issuers involved in controversial weapons, tobacco, thermal coal or military contracting are excluded. Further details on the investment policy are available on the index provider website: www.stoxx.com.
- 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.
Amundi, the leading European asset manager, ranking among the top 10 global players, 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, 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 more than 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.
Amundi, a trusted partner, working every day in the interest of its clients and society
- Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020
- Boston, Dublin, London, Milan, Paris and Tokyo
- Consolidated internal Amundi and Lyxor workforce as at 01/01/2022
- Amundi data including Lyxor as at 31/12/2021