Amundi starts low-carbon index fund with Cambridge, Oxford

Europe’s largest listed asset manager Amundi will partner with university endowments at Cambridge and Oxford to start a low-carbon index tracking fun

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The Amundi ESG Global Low Carbon Fund will aim to replicate performance on the MSCI All Country World Index. It will exclude fossil fuels and thermal coal, and aim to improve green revenues and reduce potential exposure to controversies, the company said.

"These clients are looking to replace equity portfolios and move to this low carbon solution to address the financial risk in terms of climate change,"Ashley Fagan, who heads up Amundi’s exchange-traded fund and indexing business in the U.K. and Ireland, said in a Bloomberg TV interview.

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