- Business
- SPDR MSCI Europe Climate Paris Aligned UCITS ETF (SPF5.F) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the MSCI Europe Climate Paris Aligned Index. The fund provides exposure to large- and mid-cap companies across 15 developed markets in Europe, selected and weighted to reduce climate-related transition and physical risks while pursuing opportunities in the shift to a lower-carbon economy; it aligns with Paris Agreement objectives, incorporates TCFD recommendations, and exceeds EU Paris-Aligned Benchmark standards. It employs a full physical replication strategy, accumulating dividends for reinvestment, with a total expense ratio of 0.15% and listings on exchanges including Deutsche Börse (primary), London Stock Exchange, and Borsa Italiana.
Launched on March 4, 2022, the ETF is domiciled in Ireland under the umbrella of SSGA SPDR ETFs Europe II plc and managed by State Street Global Advisors Europe Limited, with State Street Global Advisors Limited as sub-investment manager. The fund targets institutional and retail investors focused on sustainable equity strategies, holding approximately 248-249 securities with top exposures to companies such as ASML Holding NV, SAP SE, Schneider Electric SE, AstraZeneca PLC, and Novartis AG; sector allocations emphasize financials (24.81%), industrials (22.26%), and health care (15.47%). It operates across European developed markets including the UK, Germany, France, Switzerland, and the Netherlands, with assets under management around EUR 5-15 million as of late 2025.
The ETF excludes companies involved in controversial activities such as controversial weapons, tobacco, oil and gas, thermal coal mining or power generation, and those with negative ESG controversy scores; it was introduced as part of a 2022 suite of four SPDR climate-focused ETFs covering Europe, World, USA, and Japan regions. No major acquisitions, funding rounds, partnerships, or product launches have been announced in the last 1-2 years, though the fund maintains steady performance tracking with minor deviations from its benchmark and ongoing compliance with SFDR Article 8 classification. State Street Global Advisors continues to support registration in multiple European countries including Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, and the United Kingdom.