Amundi has just announced a new partnership with Euronext to launch the first CAC 40 climate ETF in Europe. The largest asset manager in Europe helped Euronext to develop the CAC SBT 1.5° index which tracks 38 of the the most climate-friendly stock on the SBF 120. Amundi as stated that they plan to launch an ETF later this year that will replicate this new index with their head of distribution adding, “We strongly believe that asset managers have a role to play in helping channel investment flows towards the climate transition and that ETFs in particular, through their accessible and transparent nature, can democratize access to responsible investments.”
ETF Newz Says:
The index will exclude companies that violate the UN Global Compact Principles and those involved in oil and gas, controversial weapons, and tobacco.
