What is the investment objective?
AMUNDI EURO ISTOXX CLIMATE PARIS ALIGNED PAB UCITS ETF seeks to replicate as closely as possible the performance of the EURO iSTOXX Ambition Climat PAB Index, whether the trend is rising or falling. The index is constructed to meet the EU Paris-aligned benchmark (EU PAB) label minimum requirements and aims to reduce its greenhouse gas (GHG) intensity by at least 50% when compared to the Euro Stoxx Total Market Index.
Reasons to Invest
The EURO iSTOXX Ambition Climat PAB Index is based on liquid securities from the EURO STOXX Total Market Index. The index follows the EU Paris-aligned Benchmark requirements outlined by the Technical Expert Group on climate benchmarks. The index is designed to help investors shift towards a low-carbon economy and align investments to the Paris Climate Agreement.
Companies identified as non-compliant based on Sustainalytics Global Standards Screening assessment, or are involved in anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium and white phosphorus weapons are not eligible for selection. Tobacco Producers, as identified by ISS ESG, are also not eligible. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities are excluded. Additionally, securities that derive more than 10% of their revenues from thermal coal based power generation, or more than 50% from power generation with carbon intensity of lifecycle emissions higher than 100gCO2e/kWh are not considered for selection.
Why Paris Agreement for Climate Change is so important
Geography: Broad Global
Sector: Climate Change
Index Tracked: EURO ISTOXX AMBITION CLIMAT PAB INDEX
Ongoing Charges: 0.18%
Investment Style: Sector Equity Technology
Fund Size (AUM): EUR 6.82M
Source: MSCI Inc. Last update: Dec 6th, 2020
Morningstar Sustainability Score
Source: Morningstar, Inc.
Last update: Dec 6th, 2020
Data by the open sources of the instrument provider. Last update: 7.12.2020
Rolling performance at 03/12/2020
3 Months: 7.62%
Performance data by the open sources of the instrument provider. Last update: 7.12.2020
Top 10 Holdings
ASML HOLDING NV
SCHNEIDER ELECT SE
DEUTSCHE TELEKOM NAM (XETRA)
AIR LIQUIDE SA
Top portfolio holdings as of 7.12.2020 | Source: instrument provider.
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