London – 25 January 2023 – Amundi, the largest European asset manager and the leading European ETF provider, 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.
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 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 financing needs for green projects.
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.