Amundi ETF announces that the benchmark index for 4 equity ETFs will be changed on August 28, 2019….
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By ETFWorld.co.uk
The benchmark of each fund will be replaced by the 5% capped version in order to reduce concentration in the portfolio.
The new MSCI SRI 5% issuer capped indices capture large and mid cap stocks with outstanding Enviromental, Social and Governance (ESG) ratings.
The indices are based on the MSCI SRI index series but have an additional cap to ensure that no single company can account for more than 5% of the portfolio.
From August 28, 2019:
Amundi Index MSCI World SRI UCITS ETF’s benchmark will become MSCI World SRI 5% Issuer Capped Index (Bloomberg ticker: M1CXUBM).
Amundi Index MSCI Europe SRI UCITS ETF’s benchmark will become MSCI Europe SRI 5% Issuer Capped Index (Bloomberg ticker: NE725715).
Amundi Index MSCI USA SRI UCITS ETF’s benchmark will become MSCI USA SRI 5% Issuer Capped Index (Bloomberg ticker: M1CXUBP).
Amundi Index MSCI Emerging Markets SRI UCITS ETF’s benchmark will become MSCI Emerging Markets SRI 5% Issuer Capped Index (Bloomberg ticker: M1EMSI5R).
The other characteristics of the funds remain unchanged.
Source: ETFWorld
