What is the investment objective?
AMUNDI MSCI EUROPE CLIMATE PARIS ALIGNED PAB UCITS ETF seeks to replicate as closely as possible the performance of the MSCI EUROPE Climate Change Paris Aligned Select 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 MSCI Europe Index.
Reasons to Invest
The MSCI World Climate Change Paris-Aligned Select Index is an index constructed from the MSCI World Climate Change Index and includes large and mid-cap securities across 23 Developed Markets (DM) countries.
The European Commission’s Technical Expert Group on Sustainable Finance’s Final Report on Climate Benchmarks and Benchmarks’ ESG Disclosures1 recommends a list of minimum technical requirements for the methodology of ‘EU Paris-aligned Benchmarks’. The MSCI Climate Change Paris-Aligned Select Indexes are constructed from their corresponding Parent Indexes, taking into account the minimum requirements recommended in the TEG Final Report. The Indexes aim to represent the performance of an investment strategy that reweights securities based upon the opportunities and risks associated with the climate transition risks and opportunities while satisfying the corresponding minimum requirements as per the TEG Final Report.
Why Paris Agreement for Climate Change is so important
Geography: Broad Global
Sector: Climate Change
Index Tracked: MSCI EUROPE CLIMATE CHANGE PARIS ALIGNED SELECT
Ongoing Charges: 0.18%
Investment Style: Sector Equity Technology
Fund Size (AUM): EUR 2.69M
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: 2.19%
Performance data by the open sources of the instrument provider. Last update: 7.12.2020
Top 10 Holdings
ROCHE HLDG AG-GENUSS
SCHNEIDER ELECT SE
ASML HOLDING NV
LVMH MOET HENNESSY
NOVO NORDISK A/S-B NEW
Top portfolio holdings as of 7.12.2020 | Source: instrument provider.
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