Description

This Amundi ETF is designed to closely track the performance of the iBoxx MSCI ESG USD FRN Investment Grade Corporates TCA Index (Total return index), aiming for consistent replication regardless of market direction. It features monthly currency hedging into EUR. The fund offers investors exposure to US dollar-denominated, investment-grade floating rate corporate bonds issued by companies in developed nations. A rigorous ESG filter is applied, excluding firms involved in Adult Entertainment, Alcohol, Civilian Firearms, Controversial Weapons, Conventional Weapons, Gambling, Genetically Modified organisms (GMO), Nuclear Power, Nuclear Weapons, Tobacco, Oil Sands, and Thermal Coal. Additionally, all underlying issuers must possess a minimum MSCI ESG rating of BBB. For a complete understanding of the index methodology, please refer to the fund prospectus or www.ihsmarkit.com.