AXA IM launches a new sustainable European equity ETF

AXA IM continues to expand its range of ETFs and today announced the launch of the AXA IM MSCI Europe Equity PAB UCITS ETF, a new addition to its Paris Aligned Benchmark (PAB) offering, which now includes four ETFs.

AXA IM MSCI Europe Equity PAB UCITS ETF replicates the performance of the MSCI Europe Climate Paris Aligned® index, net of management fees, both on the upside and downside. This ETF aims to allow investors to invest in medium and large capitalization companies in developed European markets that are following a decarbonization trajectory consistent with the objectives of the Paris Agreement, profitably. The index also excludes companies involved in specific commercial activities (such as thermal coal mining, oil and gas, or power generation, etc.) or involved in ESG (Environmental, Social and Corporate Governance) controversies.

The ETF is physically managed and charges a Total Expense Ratio (TER) of 0.14%, making AIME one of the cheapest ETFs in its category. AIME is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).

AIME is available on Deutsche Börse Xetra and Borse Italiana in euros, for investors from Austria, Germany, Denmark, Finland, France, Italy, Luxembourg, Netherlands, Norway, Spain and Sweden.

"The investors we meet with are continually looking for more tools to generate added value and reduce their exposure to climate risks, if possible, in a transparent, simple and profitable way. We are excited about the launch of AXA IM MSCI Europe Equity PAB UCITS ETF, which offers these investors exposure to European companies while trying to reduce their exposure to physical and transition climate risks, with specific requirements".

Olivier Paquier, Global Head of ETF Sales at AXA IM

"Just like last year, in 2024 our priority is to provide investors with a range of basic asset classes to build portfolios, based on our responsible investment experience. The expansion of our PAB range, which includes active and passive strategies, as well as bonds and stocks, is part of this strategy.”

Nicolas-Louis Guille-Biel, Global Head of ETFs and Product Strategy at AXA IM