Amundi has launched a new socially responsible ETF targeting the small-cap segment of the US equity market.
This ETF provides ESG-adjusted exposure to US small-cap stocks.
of Amundi S&P SmallCap 600 ESG UCITS ETF listed in German Stock Exchange Xetra in euros (MWON GY) alike SIX Swiss Exchange in US dollars and Swiss francs.
The fund S&P SmallCap 600 ESG+ Index It is based on S&P Dow Jones IndicesA leading performance benchmark for US small caps S&P SmallCap 600 Index.
The S&P SmallCap 600 Index covers the 600 lowest market capitalizations of the S&P 1500 Composite across a broad market covering 90% of U.S. equity market capitalization.
The S&P SmallCap 600 ESG+ Index is designed to closely replicate the risk and return of its parent universe while significantly improving environmental, social and governance (ESG) performance.
Its construction methodologies include companies with controversial conventional arms, thermal coal, oil sands, tobacco-related business activities, companies embroiled in ESG controversy, and globally accepted organizations such as the United Nations Global Compact. Companies that perform poorly in relation to the criteria used should be filtered out first. principle.
The remaining constituents are assigned an ESG score calculated by SAM, an ESG rating agency acquired by S&P Global. ESG scores are based on SAM’s corporate sustainability ratings using company-provided data, publicly available information, or a combination thereof.
This methodology excludes companies that rank in the bottom 25% of each Global Industry Classification Standard (GICS) sector and the bottom 10% of their parent universe when ordered by ESG score.
To approximate the risk-return profile of the parent universe, the index weights each GICS sector equal to the weight of the S&P SmallCap 600 Index. Constituents within each sector are weighted by float-adjusted market capitalization. Rebalancing takes place in April of each year.
The ETF has an expense ratio of 0.35%.
credit suisse We also offer ESG-aligned US Small Cap ETFs in Europe. Released in June 2020, CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF (CSY8 GY) to track MSCI USA Small Cap ESG Leaders Index It covers the companies with the highest ESG ratings representing 50% of market capitalization within each GICS sector of the parent company MSCI USA Small Cap Index. The ETF has an expense ratio of 0.20%.
