Amundi MSCI Europe Climate Paris Aligned UCITS ETF Acc
LWCE.PA
Euronext Paris- -
EUR
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- Financial Services
- Industry
- Asset Management - Global
- Address
- 5 Allée Scheffer Luxembourg City Luxembourg L-2520
- IPO Date
- Jun 25, 2020
- Website
- amundietf.nl
- Similar Companies
- Business
- Amundi MSCI Europe Climate Paris Aligned UCITS ETF Acc (LWCE.PA) is an exchange-traded fund that seeks to replicate the performance of the MSCI Europe Climate Paris Aligned Filtered Net EUR Index, focusing on European equities aligned with the Paris Agreement on climate change; it employs full physical replication, accumulates dividends, and minimizes tracking error while adhering to EU Paris-Aligned Benchmark standards under Regulation (EU) 2019/2089. The ETF targets large- and mid-cap companies from 15 European countries, screened for low carbon exposure, transition and physical climate risk reduction, and opportunities in the low-carbon transition; it excludes sectors such as tobacco and thermal coal power generation, with top holdings including ASML Holding NV, SAP SE, Schneider Electric SE, AstraZeneca PLC, and Novartis AG. Managed by Amundi Asset Management SAS with assets under management of approximately EUR 261 million as of recent reports, the fund lists on Euronext Paris and other exchanges, domiciled in Luxembourg as a UCITS-compliant SICAV sub-fund. Launched on June 25, 2020, the ETF operates within the sustainable equity segment, serving institutional and retail investors seeking climate-focused exposure to European markets; it maintains a total expense ratio of 0.15% and unhedged EUR currency risk. Amundi Asset Management, the fund provider founded in 2010 through the merger of Crédit Agricole Asset Management and Société Générale Asset Management, is headquartered at 90-93 Boulevard Pasteur, 75015 Paris, France, and oversees a broad range of active and passive products including ETFs, mutual funds, and ESG strategies across equities, fixed income, multi-asset, and alternatives globally. The firm, a subsidiary of Crédit Agricole group, manages over EUR 2.2 trillion in assets and distributes via third-party platforms in Europe, Asia, and beyond. Recent developments include robust ETF inflows for Amundi, with record net inflows of EUR 11 billion in Q4 2024 as part of EUR 55 billion annual net inflows, driven by passive management growth amid the Ambitions 2025 strategic plan; this encompassed expansions in climate and ESG ETFs, achieving 37% of ETF offerings meeting SFDR Article 9 criteria ahead of 2025 targets. In 2024-2025, Amundi executed key strategic moves such as the April 2024 acquisition of private assets specialist Alpha Associates, a July 2024 partnership with Victory Capital (expected to close early 2025, integrating Amundi US and establishing reciprocal distribution), and a November 2025 equity partnership with ICG for private markets products aimed at wealth investors. These initiatives bolster Amundi's ETF platform, including climate Paris-Aligned products like LWCE.PA, while advancing ESG commitments and global distribution.