Amundi launches SRI US corporate bond ETF

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Amundi launches SRI US corporate bond ETF

Amundi ETF has announced the listing of the Amundi Index US Corp SRI – UCITS ETF DR, aimed at providing diversified US dollar-denominated investment grade corporate bond exposure and integrating environmental, social and governance selection filters.

The ETF excludes issuers involved in alcohol, tobacco, military weapons, gambling, adult entertainment, GMO and nuclear power. It tracks the Bloomberg Barclays MSCI Corporate SRI index, mixed with MSCI’s ESG expertise.

Its total expense ratio amounts to 0.16%.

Commenting on the launch, Fannie Wurtz, managing director at Amundi ETF, Indexing & Smart Beta, said: “This exciting expansion to Amundi’s ETF fixed income range underlines our commitment to deliver passive solutions for our clients that are in-line with their social responsibility goals.

“As the first asset manager to sign the UN Principles for Responsible Investment (PRI), we believe the potential of socially responsible investments will continue to grow in the future, and we are committed to offering the relevant bond and equity tools adapted to these new requirements.”

As of 20 May 2018, Amundi ETF had €42bn of assets under management.