New equity ETFs from BNP Paribas Easy on Xetra: Broadly diversified exposure to climate-friendly companies
New equity ETFs from BNP Paribas Easy on Xetra: Broadly diversified exposure to climate-friendly companies
Two new exchange-traded funds from BNP Paribas Easy have been tradable on Xetra and Börse Frankfurt since Thursday.
The BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF offers global exposure to companies from industrialised and developing countries that meet high environmental, social and corporate governance standards. The underlying benchmark index fulfils the minimum standards of the Paris Climate Agreement, including in particular the reduction of greenhouse gases by at least 50 per cent compared to the original investment universe of the MSCI ACWI and the achievement of an additional decarbonisation target of at least 7 per cent per year.
According to the best-in-class-approach, only companies with an outstanding ESG rating compared to their sector are selected. Companies whose products have a negative impact on the environment and social structures are excluded. The weighting of a company is limited to 5 per cent.
Two share classes are available to investors here, which differ in terms of hedging exchange rate fluctuations against the US dollar.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF | Equity ETF | 0.20 per cent | accumulating | MSCI ACWI SRI S-Series PAB 5% Capped Index | |
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF - EUR | Equity ETF | 0.20 per cent | accumulating | MSCI ACWI SRI S-Series PAB 5% Capped Index |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,164 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.