Amundi MSCI Europe Action UCITS ETF Dist

The Fund is an index-tracking UCITS passively managed. The investment objective the Sub-Fund is to track both the upward and the downward evolution of the MSCI Europe Climate Action Net in EUR Index (the "Index"), denominated in Euros, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the "Tracking Error"). The anticipated level of Tracking Error in normal market conditions is indicated in the prospectus of the Sub-Fund. The Index is based on the MSCI Europe Index (the "Parent Index") and is representative of the performance of large and mid-cap stocks, across developed European countries, issued by companies that have been assessed to lead their sector peers in terms of their positioning and actions relative to climate transition, based on, among others, the MSCI "Climate Risk Management Weighted Average Score", while minimizing the volatility of the difference between the return of the Index and the return of the Parent Index. The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating a Climate Risk Management Score. The Index methodology is constructed using a 'Best-in-class approach': best ranked companies are selected to construct the Index. 'Best-in-class' is an approach where leading or best-performing investments are selected within a universe, industry sector or class. It excludes companies falling behind on an ESG level, particularly on the basis of ESG ratings. Using such Best-in-class approach, the Index follows an extra-financial approach significantly engaging that permits the reduction by at least 20% of the initial investment universe (expressed in number of issuers). The ESG key issues include for instance, but are not limited to, water stress, carbon emissions, labor management or business ethics. More detailed information on MSCI ESG Rating methodology can be found on the following link: msci.com Limits of the methodol

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No