CRP
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Fixed Income
AMUNDI EUR CORPORATE BOND PAB NET ZERO AMBITION UCITS ETF ACC
TER (bps):
14
AUM (USD m):
1,219
ISIN:
LU1829219127
Domicile:
Luxembourg
Share Class Currency:
EUR
ESG:
No
Geographical Focus:
Eurozone (EMU)
As of:
07 Nov 2024
Climate Fund:
Yes
Benchmark
The Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index is designed to meet and exceed the minimum standards of the EU Paris Aligned Benchmark (PAB) label. The index sets an initial 50% decarbonization of absolute GHG emissions and carbon intensity relative to the standard Bloomberg Euro Corporate Index, followed by an annual 10% decarbonization trajectory of both measures. The index uses an optimization approach that aims to increase the weight of issuers that meet carbon reduction targets, increase the weight of green revenue versus fossil-fuel based revenue, and increase the weight of green bonds in the index, while minimizing active total risk. To be included, securities must be investment grade, fixed-rate, EUR-denominated, corporate bonds with a minimum MSCI ESG Rating of BB. The index excludes issuers with a “red” MSCI ESG Controversy Score and negatively screens issuers that are involved in business activities that are restricted per Article 12 of the Delegated Acts. Additionally, issuers with involvement in nuclear weapons, civilian firearms, unconventional oil and gas, arctic oil and gas, tobacco, alcohol, and gambling are also excluded.
PERFORMANCE
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