AXA Investment Managers (AXA IM )has expanded its ETF range with the launch of a Paris-Aligned Benchmark (PAB) emerging market debt ETF, ETF Stream can reveal.
The AXA IM Emerging Markets Credit PAB UCITS ETF (AICU) - US dollar denominated - will list on the Deutsche Boerse and Euronext Milan today and on the SIX Swiss Exchange “soon”.
The euro denominated version of the ETF will also be available under the ticker AQUD.
The ETF has a total expense ratio (TER) of 0.34%.
AICU tracks the ICE Emerging Markets Corporate Plus Paris Aligned Absolute Emissions index which captures investment grade high yield bonds issued by non-sovereign emerging markets issuers in the main domestic and Eurobond market.
AICU is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).
The launch brings AXA IM’s fixed income PAB ETF range to three, joining the AXA IM Euro Credit PAB UCITS ETF (AIDE), launching in July 2023 and the AXA IM USD Credit PAB UCITS ETF (AIPT), which launched in November 2023.
Olivier Paquier (pictured), global head of ETF sales at AXA IM, said: “With AICU we offer a new building block which gives investors access to corporate debt from emerging markets in a simple and efficient way, including a decarbonisation objective.
“This exposure looks particularly relevant in the context of a year full of elections in this part of the globe”.
Elsewhere, AXA IM launched two Paris-Aligned ETFs - the AXA IM MSCI World Equity PAB UCITS ETF (AWDU) and the AXA IM MSCI Emerging Markets Equity PAB UICS ETF (AIQU) – in July.
