Amundi has expanded its ESG range with the launch of an emerging markets social responsible investment (SRI) ex-fossil fuels ETF.
The Amundi Index MSCI EM Asia SRI UCITS ETF (SADA) is listed on Deutsche Boerse with an ongoing charges figure (OCF) of 0.25%.
SADA tracks the MSCI Emerging Markets Asia SRI filtered Ex Fossil Fuel index which offers exposure to large and mid-cap companies across nine emerging market countries.
To be included in the index, companies must have an MSCI ESG rating above BBB and an MSCI ESG controversies score above 3.
It excludes companies involved in nuclear power, tobacco, thermal coal, alcohol, gambling, controversial weapons, civilian firearms, GMOs, adult entertainment, oil and gas and fossil fuel production and reserves.
Taking the MSCI Emerging Markets universe of 1,406 stocks as its starting point, the index currently tracks 132 companies.
To avoid concentration risk, each issuer is capped at 5%.
Fannie Wurtz (pictured), head of Amundi ETF, Indexing & Smart Beta and head of distribution and wealth division at Amundi, said: “We are convinced that ETFs play an important role in democratising ESG.
“With this latest addition to our range, we are empowering all investors to integrate ESG in their portfolios.”
In May, the French asset manager switched six fixed income ETFs to ESG indices, a move that a number of ETF issuers have made over the past year.
