Amundi converts two ETFs into Article 8 funds

Core equity products converted to ESG

Amundi has transitioned two of its core equity exchange-traded funds (ETFs) into Article 8 ESG funds.

Effective 21 March, the Amundi CAC 40 UCITS ETF DR became the Amundi CAC 40 ESG UCITS ETF DR, while the Amundi Stoxx Europe 600 UCITS ETF transitioned to the Amundi Stoxx Europe 600 ESG UCITS ETF DR. The Amundi CAC 40 ESG UCITS ETF DR tracks the CAC 40 ESG index and provides investors with exposure to the 40 leading stocks in the French market with the best ESG practices, selected from the CAC Large 60 index through negative screening and a "best-in-class" approach. Amundi swaps index on climate-conscious ETF range  According to the firm, the €1.2trn fund now has a "reduced weighte...