Bringing you live news and features since 2006 

BNP Paribas Asset Management launches global equity SRI PAB fund

RELATED TOPICS​

BNP Paribas Asset Management has announced the listing of a new global equity ETF, expanding its current SRI PAB range which totals more than EUR6.5 billion of assets under management (AUM). 

BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5 per cent Capped UCITS ETF is a sub-fund of the BNP Paribas Easy Irish ICAV and began trading on Euronext Paris, Borsa Italiana and SIX Swiss Exchange while listing on Deutsche Börse Xetra is planned for 23 May. 

The fund seeks to replicate the performance of the MSCI ACWI SRI S-Series PAB 5 per cent Capped Index (Bloomberg: MXACSSNU Index). Its objective is to provide investors with a worldwide exposure (including both developed and emerging markets) to companies which have high Environmental, Social and Governance (“ESG”) standards. In addition, this climate ETF aims to comply with the Paris Aligned Benchmark (PAB) targets of reducing greenhouse gas intensity by at least 50 per cent relative to the initial investment universe and achieving an additional decarbonisation target of at least 7 per cent each year2.

The fund is classified as Article 83 as per SFDR. It promotes environmental and/or social characteristics by investing in companies assessed according to ESG criteria such as environmental opportunity, pollution and waste, human capital, corporate governance and based on their efforts to reduce their exposure to coal and unconventional fossil fuels. As a result, companies involved in sectors with a potentially high negative ESG impact, those subject to significant violations of the UN Global Compact principles and those involved in severe ESG-related controversies are excluded.

The fund commits to invest a minimum of 35 per cent of its net assets in sustainable investments and aims to keep a Tracking Error below 1 per cent versus the underlying index. 

Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM says: “We observe a strong interest from clients for SRI PAB ETFs and are proud to expand our range, particularly within our Irish ICAV. The aim is to capture long-term growth opportunities offered by global equities while integrating a serious and strong ESG approach. Between our already existing MSCI SRI World PAB ETF and this new ETF, clients will have access to both developed and emerging equity markets”.

Latest News

LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..
Amundi has reduced its management fees across a wide selection of its ETF range. The firm writes that this move..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD66,675, marking a 4.3..

Related Articles

Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by