Amundi ETF on Xetra: access to UK companies

Amundi ETF A new exchange-traded fund issued by Amundi has been tradable on Xetra and Börse Frankfurt since Thursday.

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By ETFWorld.co.uk

Amundi MSCI UK IMI SRI UCITS ETF (DR) – EUR (D) offers investors access to large, medium-sized, and small companies in the UK equity market that are among the leaders in environmental, social and governance (ESG) factors within their respective sectors.

The best-in-class approach allows the original sector weighting of the main index to be maintained, considering sustainability criteria.

Companies are excluded from the index if they are not in line with the principles of the United Nations Global Compact, are involved in serious ESG-related controversies or are active in the areas of thermal coal, weapons, and tobacco.

The weighting of a stock is limited to a maximum of 5 per cent. Any dividend income is paid out to the investors.

Source: ETFWorld