Amundi EUR Corporate Bond Climate Paris Aligned

ETF description

This ETF aims to follow the performance of a group of bonds issued by companies in the eurozone that meet certain climate‑related criteria. The bonds included are typically investment‑grade, meaning the issuing companies are considered to have relatively low risk of default. All the bonds are denominated in euros, and the companies issuing them must meet specific standards related to reducing greenhouse gas emissions. These standards are based on a framework that aligns with the goals of the Paris Agreement on climate change.

This ETF may appeal to investors who are interested in combining fixed‑income investments with a focus on climate‑conscious companies. It could be suitable for those looking to gain exposure to euro‑denominated corporate bonds while also aligning their investments with certain environmental values.

Issuer details

Amundi Asset Management is the largest asset manager in Europe, with over €2 trillion in assets under management as of June 2024. Amundi offers a comprehensive range of investment products, including ETFs, mutual funds, active management, and alternative investments, covering a wide array of market segments such as equities, fixed income, multi‑asset, alternatives, and ESG (Environmental, Social, Governance). Founded in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale, Amundi has a strong commitment to ESG investing and innovation, striving to deliver cost‑efficient solutions to its clients. With an extensive global presence, Amundi’s notable ETFs include the Amundi MSCI World UCITS ETF and the Amundi Prime Global UCITS ETF, highlighting its dedication to providing diversified and sustainable investment options.

Index details

The index is representative of the performance of EUR denominated, investment grade corporate bonds issued by European and non‑European corporates, with maturities of at least 1 year. The index only includes issuers with an MSCI ESG Rating of BBB or higher, and negatively screens issuers involved in certain values‑based business involvement criteria, including activities related to controversial military weapons, and those with a ‘red’ MSCI ESG Controversy Score.