17 September 2019
•
Amundi, Europe's largest asset manager by AUM, €1.487trn of which €297bn is in responsible investment assets, has added the Amundi Index Euro Corporate SRI 0-3Y Ucits ETF to its SRI ranges.
The fund invests in short-dated euro denominated corporate bonds from issuers with "strong ESG credentials".
Negative screening filters out instruments from companies involved in alcohol, tobacco, military weapons, civilian firearms, gambling, adult entertainment, genetically modified organisms and nuclear power. The resulting portfolio includes some 690 corporate bonds.
The ETF tracks the Bloomberg Barclays MSCI Euro Corporate ESG BB+ Sustainability SRI 0-3 Year index. The fund will first be listed on Euronext Paris, and subsequently on Europe's main stock exchanges. Amundi said the charge of 12bps "makes it the lowest cost SRI-focused fixee income ETF in Europe".
Fannie Wurtz, head of Amundi ETF, Indexing & Smart Beta, said: "Having been a pioneer in responsible investment, Amundi continues to expand its SRI offering. This launch demonstrates our commitment to meet the growing investor demand for passive solutions with ESG filters at very competitive prices."
| SRI ETF range | ISIN code | Ticker | Ongoing charges |
|---|---|---|---|
| Equity (available in ETF and index fund vehicle) | |||
| Amundi Index MSCI World SRI - UCITS ETF DR | LU1861134382 | WSRI FP | 0.18% |
| Amundi Index MSCI USA SRI - UCITS ETF DR | LU1861136247 | USRI FP | 0.18% |
| Amundi Index MSCI Europe SRI - UCITS ETF DR | LU1861137484 | EUSRI FP | 0.18% |
| Amundi Index MSCI Emerging Markets SRI - UCITS ETF DR | LU1861138961 | EMSRI FP | 0.25% |
| Fixed Income (available in ETF and index fund vehicle) | |||
| Amundi Index Euro Corporate SRI 0-3Y - UCITS ETF DR | LU2037748774 | ECRP3 FP | 0.12% |
| Amundi Index US Corp SRI - UCITS ETF DR | LU1806495575 | UCRP FP | 0.16% |
| Amundi Index Euro Agg Corporate SRI - UCITS ETF DR | LU1437018168 | ECRP FP | 0.16% |
