Amundi is set to merge its $228m MSCI emerging markets ETF into a newly created ESG equivalent following the ongoing consolidation of its range after its acquisition of Lyxor.
In a shareholder notice, the French asset manager said the changes are part of the “ongoing review of the product range competitiveness and client interest assessment”, effective 19 November.
The Amundi MSCI Emerging Asia II UCITS ETF (LCAS) will merge into the newly created Amundi MSCI EM Asia ESG CTB Net Zero Ambition UCITS ETF, which will be identified under the same ticker.
As a result of the merger, the total expense ratio (TER) will increase from 0.12% to 0.25%.
LCAS will begin trading on the London Stock Exchange on 19 November.
The new ETF introduces an ESG screen, which excludes companies with negative social or environmental impacts and overweights firms with strong ESG scores.
It also reweights securities to align with climate transition benchmarks in line with EU Climate Transition Benchmark regulations.
Amundi recently merged six ETFs into six newly created Amundi ETFs, including the Amundi Global Gender Equality UCITS ETF and the Amundi MSCI Disruptive Technology ESG Screened UCITS ETF.
Elsewhere, Amundi nearly doubled its flows quarter on quarter in Q3, sparked by the asset manager making headline fee cuts across its largest ETFs in June.
