Amundi is the latest issuer to continue its push in the fixed income ESG ETF space with the launch of an ultra-short corporate bond strategy.
The Amundi Euro Corp 0-1Y ESG UCITS ETF (ECR1) is listed on Deutsche Boerse with an ongoing charges figure (OCF) of 0.08%.
ECR1 tracks the iBoxx MSCI ESG EUR Corporate 0-1 TCA index which offers exposure to bonds with a maturity between one month and one year.
The ETF also applies an ESG screening that removes companies involved in controversial areas such as adult entertainment, tobacco, controversial weapons and thermal coal.
ETF Stream and Amundi publish ESG ETF report
Fannie Wurtz (pictured), head of Amundi ETF, Indexing and Smart Beta, commented: “We fundamentally believe that ETFs play an important role in democratising ESG. With this addition to our range we are empowering all investors to cost-effectively integrate ESG in this core fixed income exposure.”
ECR1 is classified under Article 8 of the Sustainable Finance Disclosure Regulation which came into effect this month.
Earlier this week, BlackRock expanded its fixed income ESG ETF range with climate and green bond ETFs while Fidelity launched fixed income ESG ETFs for the first time.
