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BNP Paribas Asset Management launches socially responsible credit ETF

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BNP Paribas Asset Management (‘BNPP AM’) announces the launch of a socially responsible credit exchange-traded fund, BNP Paribas Easy € Corp Bond SRI Fossil Free UCITS ETF.  This is a tracker that replicates the Bloomberg Barclays MSCI Euro Corporate SRI Sustainable Reduced Fossil Fuel Index.  It provides investors with low carbon exposure to around 400 euro-denominated investment grade bonds, selected using environmental, social and governance (‘ESG’) criteria.

This new fund is an addition to the BNP Paribas Easy range of ETFs and is part of a new strategy aimed at strengthening BNPP AM’s index solutions capability within socially responsible investment (‘SRI’) and bond indices in 2019.

Isabelle Bourcier, Global Head of Quantitative & Index at BNP Paribas Asset Management, comments:

“The launch of BNP Paribas Easy € Corp Bond SRI Fossil Free UCITS ETF is part of a dual approach to develop our low carbon footprint SRI offering and our bond index range.  At the end of December 2018 we managed EUR 1.9 billion in ESG index funds.”

The Bloomberg Barclays MSCI Euro Corporate SRI Sustainable Reduced Fossil Fuel index includes debt securities of the best-rated (investment-grade) bond issuers with an MSCI ESG rating above BBB, using the best-in-class (i.e. best in their category) selection approach.  It excludes companies that do not respect UN Global Compact principles and that are involved in sectors such as alcohol, gambling, pornography, tobacco, nuclear, genetically-modified organisms (‘GMOs’) and weapons. In addition, the index offers investors reduced exposure to companies involved in fossil fuels, one of the most carbon-intensive areas.

BNP Paribas Easy € Corp Bond SRI Fossil Free UCITS ETF is a sub-fund of BNP Paribas Easy, a SICAV registered under Luxembourg law.  It will list on Euronext on 19 February 2019 and on Xetra  on 26 February 2019.  It is not available to UK investors.

Investment in the fund is subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the fund described being at risk of capital loss.  For a complete description and definition of the risks, please consult the latest available prospectus and KIID of the fund. Investors considering subscribing to a fund should carefully read its most recent prospectus and KIID, which can be downloaded from www.easy.bnpparibas.com.

BNP PARIBAS ASSET MANAGEMENT UK Limited, “the investment company”, is authorised and regulated by the Financial Conduct Authority.  Registered in England No: 02474627, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom.

This material is produced for information purposes only and does not constitute:

an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or
investment advice.

This material is issued and has been prepared by the investment company. It contains opinions and statistical data that are considered lawful and correct on the day of their publication according to the economic and financial environment at the time. This document does not constitute investment advice or form part of an offer or invitation to subscribe for or to purchase any financial instrument(s) nor shall it or any part of it form the basis of any contract or commitment whatsoever.

Whilst the BNP Paribas Easy € Corp Bond SRI Fossil Free UCITS ETF described herein has been established as a UCITS (in accordance with the UCITS Directive) in Luxembourg, the Fund has not been registered in the UK. Therefore the promotion of this Fund and the distribution of this document in the UK are accordingly restricted by law.

This document is provided without knowledge of an investors’ situation. Prior to any subscription, investors should verify in which countries the financial instruments referred to in this document refers are registered and authorised for public sale. In particular financial instruments cannot be offered or sold publicly in the United States. Investors considering subscriptions should read carefully the most recent prospectus and Key Investor Information Document (KIID) agreed by the regulatory authority, available on the website. Investors are invited to consult the most recent financial reports, which are also available on the website. Investors should consult their own legal and tax advisors prior to investing. Given the economic and market risks, there can be no assurance that the financial instrument(s) will achieve its investment objectives. Their value can decrease as well as increase. In particular, changes in currency exchange rates may affect the value of an investment. Performance that is shown net of management fees and is calculated using global returns with time factored in, with net dividends and reinvested interest, and does not include subscription-redemption fees, exchange rate fees or tax. Any gross of fees performance included in this material do not reflect the deduction of commission, fees and other expenses incurred. Returns will be reduced after the deduction of such fees. Past performance is not a guarantee of future results.

This document is directed only at person(s) who have professional experience in matters relating to investments (“relevant persons”). Any investment or investment activity to which this document relates is available only to and will be engaged in only with Professional Clients as defined in the rules of the Financial Conduct Authority. Any person who is not a relevant person should not act or rely on this document or any of its contents.

All information referred to in the present document is available at www.bnpparibas-am.com.

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