Leading European asset manager Amundi announced today the launch of the Amundi iCPR Euro Corp Climate Paris Aligned PAB – UCITS ETF DR, a new fixed income ETF providing investors with access to investment grade, Euro corporate credit exposure aligned with the Paris Agreement.
Listed on Xetra, the ETF aims to meet the needs of investors seeking to respond quickly to the climate emergency. The fund is designed to reduce average greenhouse gas (GHG) emissions by 50% compared to its investable universe, with an additional annual self-decarbonisation objective of -7%.
The new product expands Amundi’s range of Paris-aligned climate ETFs, spanning both equity and fixed income. The range offers exposure to Euro Corporate fixed income as well as Eurozone, European, and global developed equity markets. All of the ETFs in the range are classified under Article 9 of SFDR.
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, said:
“The launch of this ETF illustrates our unwavering commitment to developing simple, ready-to-use tools that help investors to implement their ESG and climate strategy depending on their objectives and constraints. We believe that ETFs have a critical role to play in driving the transition to a low carbon economy.”