New Amundi ETF on Xetra: corporate bonds worldwide in line with the Paris Climate Agreement
New Amundi ETF on Xetra: corporate bonds worldwide in line with the Paris Climate Agreement
A new exchange traded fund issued by Amundi has been tradable on Xetra and Börse Frankfurt since Tuesday.
The Amundi iCPR Euro Corporate Climate Paris Aligned PAB UCITS ETF DR (C) gives investors access to fixed-income and euro-denominated corporate bonds worldwide. The bonds were issued by companies that act in accordance with the goals of the Paris Climate Agreement. To be included in the index, the debt instruments must have a minimum remaining term of one year, an investment grade rating and a minimum outstanding volume of 500 million euros.
The weighting of the bonds in the index is based on the company's contribution to climate change mitigation. The aim is to reduce greenhouse gas emissions by at least 50 per cent compared to the Solactive Euro IG Corporate Index and to drive decarbonisation by seven per cent annually.
Companies that violate the United Nations Global Compact or engage in significant business activities in the areas of tobacco, coal, oil & gas, and weapons are excluded from the index.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Amundi iCPR Euro Corporate Climate Paris Aligned PAB UCITS ETF DR (C) | Bond ETF | LU2300295396 | 0.16 per cent | Accumulating | Solactive iCPR Climate Credit PAB Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,650 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.