Amundi Index MSCI Europe Climate Change

ISIN: LU2130768844:EUR

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Instrument Profile

Short Description:

Climate Change Index Funds are designed to enable investors to holistically integrate climate risk considerations in their investment process while increasing diversification through a simple, rules-based reweighting methodology.

How Does Climate Themes Work?

The Climate Change Indexes consider both the opportunities and risks associated with transition to a low carbon economy, enabling institutional investors and wealth managers to integrate climate risk considerations in their global equity investment process.
  • Shift from brown to green Aims to reduce exposure to stranded assets, increased exposure to solutions providers
  • Broad & diversified Simple rules-based reweighting methodology
  • Suitable for multiple purposes Can be used as a standalone index as an overlay to an ESG strategy
Companies can be differentiated based on their ability to capitalize (or not) on opportunities in a low-carbon economy. Those distinctions may provide investors with a road map for building resilient carbon-transition portfolios. Companies with the greatest potential to benefit from the growth of low-carbon products and services are the ones positioned as “solutions” and those able to transition from high-risk categories toward solutions.
The companies are differentiated from those likely to have stranded assets to those providing climate-friendly products, using the MSCI Low Carbon Transition assessment framework. In between those two ends of the spectrum are companies that will need to adapt their operations or products, as well as firms that are already well positioned even if they are not selling renewable energy solutions.

What is the Investment Strategy?

The instrument seeks to replicate as closely as possible the performance of the MSCI Europe Climate Change index, whether the trend is rising or falling. The Index aims to reweight constituents of the MSCI Europe Index to increase its exposure to companies participating in opportunities associated with the transition to a lower carbon economy, and decrease its exposure to companies exposed to risks associated with this transition.
The index aims to incorporate additional business exclusion screens including Nuclear Weapons, Tobacco, Thermal Coal, Nuclear Power and UnconventionalOil & Gas. Additionally, companies that are not in compliance with the United Nations Global Compact principles are also excluded from the index. Only companies rated B and above are eligible for inclusion in the index. The index is finally diversified by capping issuers in the index at 10%.

Type: Equity SICAV

Geography: Developed Europe

Sector: Diversified

Benchmark: MSCI EUROPE CLIMATE CHANGE

Ongoing Charges: 0.18% (Estimated)

Initial Charge: -

Investment Style: Large-Cap Blend

Fund Size (AUM): EUR 47.87M

MSCI Sustainability
Score

n/a

Source: MSCI Inc. Last update: Dec 6th, 2020

Morningstar Sustainability Score

3/5

Source: Morningstar, Inc.
Last update: Dec 6th, 2020

Data by the open sources of the instrument provider. Last update: 3.12.2020

Performance of the underlying index*

2019: 26.05%

2018: -10.57%

2017: 10.24%

*MSCI (inception of the instrument in 2020, track-record less than 6 months)

Top Holdings

Company
NESTLE SA-REG
ROCHE HLDG AG-GENUSS
NOVARTIS
SCHNEIDER ELECT SE
ASML HOLDING NV
ASTRAZENECA
LVMH MOET HENNESSY
NOVO NORDISK A/S
SAP SE
VESTAS WIND SYST.A/S

Top portfolio holdings as of 3.12.2020 | Source: instrument provider.

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