Amundi IS Italy MIB ESG UCITS ETF Acc

This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of MIB ESG Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The index is a Total Return Index : the dividends paid by the index constituents are included in the Index return. The Index is an equity index based on the 40 most liquid and capitalised Italian shares listed on Euronext Milan MTA and MIV markets. (the "Eligible Universe"). The Index excludes companies from the Eligible Universe based on environmental, social or governance criteria and targets a minimum 30% reduction in carbon emission intensity relative to this universe and an improved ESG Score compared to the Eligible Universe. The Index applies exclusions to companies involved in activities considered non-aligned with the Paris Climate Agreement (coal extraction, oil, etc). Those exclusions are provided for in Art. 12 (1) (a)-(g) of the Commission Delegated Regulation (EU) 2020/1818 of 17 July 2020 supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council as regards minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks, please refer to the 'Guidelines on funds' names using ESG or sustainability-related terms' section of the Prospectus. The limits of the approach adopted are described in the Sub-Fund's prospectus through risk factors such as Sustainable investment risk. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of each methodology, the information provided may be incomplete. Assessment of sustainability risks is complex and may be based on ESG data which is difficult to obtain, incomp

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No