Amundi MSCI Water UCITS ETF Acc

The Fund is a passively managed index-based UCITS. The Fund's objective is to replicate, both upwards and downwards, the performance of the MSCI ACWI IMI Water Filtered index (the 'Benchmark'), denominated in US dollars (USD), while minimising the tracking error between the Fund's performance and that of the Benchmark. The expected level of the Tracking Error under normal market conditions is indicated in the Fund prospectus. The benchmark aims to represent the performance of securities whose activities are related to the water sector such as water distribution, utilities and the provision of water-related equipment and water treatment and excludes companies that lag behind the theme universe in environmental, social and governance ('ESG') terms, based on an ESG rating. The benchmark is based on a 'best-in-class' approach, in other words, companies in the lower quartile per adjusted ESG rating of the sector are excluded from the theme universe. The best-in-class approach aims to favour the best-performing companies within a universe, sector or class. With this best-in-class filter, the Sub-fund follows a significantly engaging non-financial approach that allows it to reduce the size of the Investment Universe by at least 20% (in terms of the number of issuers). The ESG rating methodology is based on key ESG issues including, but not limited to, water stress, carbon emissions, personnel management or business ethics. For more information on the general and specific environmental, social and governance (ESG) objectives targeted by the Sub-fund, please refer to the Sub-fund's Transparency Code available on https://amundietf.com/. The limitations of the benchmark methodology are described in the Fund's prospectus through risk factors such as market risk related to controversies and risks related to ESG methodologies and the calculation of the ESG score. The ESG score of companies is calculated by an ESG rating agency using raw data, models and estimates collected and ca

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No