{"id":42522,"date":"2015-06-03T04:05:19","date_gmt":"2015-06-03T02:05:19","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/amundi-launches-the-first-index-funds-and-etf-in-europe-tracking-the-msci-low-carbon-leaders-indexes\/"},"modified":"2015-06-03T04:05:19","modified_gmt":"2015-06-03T02:05:19","slug":"amundi-launches-the-first-index-funds-and-etf-in-europe-tracking-the-msci-low-carbon-leaders-indexes","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/amundi-launches-the-first-index-funds-and-etf-in-europe-tracking-the-msci-low-carbon-leaders-indexes\/","title":{"rendered":"Amundi launches the first index funds and ETF in Europe tracking the MSCI Low Carbon Leaders indexes"},"content":{"rendered":"

Amundi is further developing its \u201cLow Carbon\u201d offering with the launch of three
\ninnovative funds in Europe:
\n– two open-ended index funds: the Amundi Index Equity Global Low Carbon<\/strong> and the Amundi Index Equity Europe Low Carbon<\/strong>. These funds replicate the MSCI World Low Carbon Leaders and the MSCI Europe Low Carbon Leaders indexes respectively.
\n– an ETF<\/strong> tracking the MSCI World Low Carbon Leaders index, listed today on Euronext Paris, and then cross-listed on the main European markets;<\/p>\n

The MSCI Low Carbon Leaders indexes were launched in September 2014 by index provider MSCI, having been developed with Amundi and two major European pension funds.<\/p>\n

The MSCI Low Carbon Leaders\u2019 methodology aims to achieve at least a 50% reduction in the level of carbon emissions<\/strong> (present emissions and reserves representing potential future emissions) compared to the parent indexes[[The parent indexes of the two new fonds are the MSCI World and the MSCI Europe]], while minimizing the tracking error relative to them. Each strategy index will, however, retain a sectorial and geographical composition similar to its parent index.<\/p>\n

The strategy indexes, therefore, exclude[[For further information about the methodology of the indexes, please refer to the prospectus or to the website www.msci.com]]:
\n– 20% of stocks in the parent index universe, based on the \u201ccarbon emission intensity criteria\u201d,
\ndefined as the weight of carbon emissions (tons of CO2) of a company relative to market
\ncapitalisation, with a maximum exclusion of 30% for each sector market capitalization,
\n– and also the largest owners of carbon reserves per dollar of market capitalization, representing at
\nleast 50% of the reserves in the parent index. <\/p>\n

Valerie Baudson, Global Head of ETF, Indexing and Smart Beta at Amundi, said: \u201cIt is very gratifying to see that combining low carbon exposure and low tracking error is resonating so significantly with investors. Our recent development in this area, along with our close involvement in the Portfolio Decarbonization Coalition[[ Amundi is a co-founder of the Portfolio Decarbonization Coalition with AP4, UNEP\/FI and CDP \u2013 More information available on:
\nhttp:\/\/unepfi.org\/pdc]], illustrates our determination to address client investment needs effectively.\u201d<\/em><\/p>\n

Until recently, there have been few scalable solutions available to investors seeking to address the
\nfinancial risk of climate change and carbon exposure. With these innovative funds, Amundi\u2019s
\nobjective is to allow all types of investors to access low carbon intensity strategies, via listed and
\nunlisted funds.<\/p>\n

The Amundi Index Equity Global Low Carbon and the Amundi Index Equity Europe Low Carbon are
\navailable through different, competitively priced, share classes, designed for all types of investors,
\nwith different minimum subscription levels and ongoing charges ranging from 0.09% to 0.60%.<\/p>\n

The ETF is proposed with a TER[[TER: Total Expense Ratio or maximum ongoing charges – annual, all taxes included. For Amundi ETF funds, the ongoing charges correspond
\nto the Total Expense Ratio. The ongoing charges represent the charges taken from the fund over a year. When the fund has not closed its
\naccounts for the first time, the ongoing charges are estimated. The TER is a measure that compares the annual total management and
\noperating costs (all taxes included) charged to a fund against the value of that fund’s assets. The TER corresponds to the ongoing charges
\ndisclosed in the KIID]] of only 0.25%. <\/p>\n","protected":false},"excerpt":{"rendered":"

Amundi is further developing its \u201cLow Carbon\u201d offering with the launch of three
\ninnovative funds in Europe: two open-ended index funds: the Amundi Index Equity Global Low Carbon and the Amundi Index Equity Europe Low Carbon. These funds replicate the MSCI World Low Carbon Leaders and the MSCI Europe Low Carbon Leaders indexes respectively…<\/p>\n","protected":false},"author":20,"featured_media":42520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1655,1718,1826,1682,1651,1437,2159,1691,1686,1952,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/42522"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=42522"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/42522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/42520"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=42522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=42522"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=42522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}