SPDR MSCI ACWI Climate Paris Aligned UCITS ETF (LOWC) is an exchange-traded fund that seeks to replicate the performance of the MSCI ACWI Climate Paris Aligned Index before fees and expenses. The ETF provides exposure to large- and mid-cap companies across developed and emerging markets that meet stringent climate transition criteria aligned with the Paris Agreement goals; it excludes issuers with high carbon emissions intensity, fossil fuel reserves exposure, or involvement in controversial weapons; and it emphasizes companies with strong climate management practices and low environmental impact. Managed by State Street Global Advisors, the fund offers investors a diversified, sustainable equity portfolio targeting global climate-aware strategies.
Launched in 2022 and domiciled in Ireland with primary listings on the London Stock Exchange and other European exchanges, LOWC operates within the environmental, social, and governance (ESG) investment segment, serving institutional and retail investors focused on responsible investing. The fund's benchmark index weights securities based on market capitalization while applying Paris-aligned screens to achieve net-zero emissions pathways by 2050; it includes approximately 1,000 holdings across sectors like technology, healthcare, and financials; and it undergoes periodic rebalancing to maintain alignment with evolving climate data and science-based targets.
Recent developments include the expansion of State Street's Paris-aligned ETF suite with enhanced index methodologies updated in 2024 to incorporate forward-looking climate scenarios; a strategic partnership with MSCI to refine low-carbon transition benchmarks amid growing EU Sustainable Finance Disclosure Regulation (SFDR) compliance; and increased assets under management surpassing $500 million as of late 2025, reflecting heightened demand for Article 9 classified sustainable products. No major acquisitions or name changes have occurred, but the fund benefited from operational enhancements such as improved liquidity provisions and integration of biodiversity risk metrics in its latest index reconstitution.