AXA IM has launched a new equity ETF on Xetra, offering investors access to the US stock market while adhering to the Paris Climate Agreement. This new exchange-traded fund became available for trading on Xetra and Borse Frankfurt as of Tuesday.
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Olivier Paquier Global Head of ETF Sales di AXA IM
The AXA IM MSCI USA Equity PAB UCITS ETF tracks the performance of the MSCI USA Climate Paris Aligned Index and invests in 270 large and mid-cap companies listed on the US stock market. The selection and weighting of companies aims to capture opportunities from the transition to a lower carbon economy while reducing physical climate risks. The index on which the fund is based meets the standards of the Paris Climate Agreement.
Investors can trade the new ETF flexibly using the same ISIN in the currency of their choice – euros or US dollars. The trading currency can be selected via an individually assigned exchange symbol.
| Name | AXA IM MSCI USA Equity PAB UCITS ETF |
| Asset class | Equity ETF |
| ISIN | IE000AXIKJM8 |
| Ongoing charges | 0.12 per cent |
| Distribution policy | Accumulating |
| Reference index | MSCI USA Climate Paris Aligned Index |
Source : ETFWorld.co.uk
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