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BNP Paribas launches first responsible listed real estate ETF

Press releases

BNP Paribas Asset Management
 

BNP Paribas Asset Management (‘BNPP AM’) strengthens range of listed real ETFs with launch of first ETF focused on climate change.  

  • BNP Paribas Easy FTSE EPRA/NAREIT Developed Europe ex UK Green UCITS ETF offers investors exposure to the most environmentally-friendly listed real estate companies in developed Europe (ex UK).
  • New ETF[1] will trade on Paris and Frankfurt stock exchanges from 14 November 2019.

The new fund strengthens BNPP AM’s ESG[2] offering, expanding its range to include responsible listed real estate by replicating the FTSE EPRA NAREIT Green indices.  Stock weights are based on sustainable real estate investment data, such as energy consumption and green certification.

Isabelle Bourcier, Head of Quantitative and Index Management at BNPP AM, comments: Listed real estate has been part of our range for over ten years, with over EUR 1 billion of assets under management.  Its availability within an ETF is greatly appreciated by investors, due to the benefits that it offers in terms of portfolio diversification, yield, protection against inflation risk and liquidity.  The launch of this fund enables our clients, who are increasingly sensitive to climate issues and the impact of their investments, to focus on the most environmentally-friendly listed companies in the real estate sector.

BNPP AM is one of the three largest ESG ETF providers in Europe and is a pioneer within a number of responsible investment themes, launching the first low carbon ETF (in 2008), the first index funds to exclude controversial weapons (in 2014) and the first circular economy ETF, in May this year.  The BNP Paribas Easy range of ETFs is also the first to have obtained the French government’s SRI label on three of its funds.  Almost a third of the assets managed by BNPP AM’s index management team are in responsible indices (EUR 4.5 billion[3] in SRI- and ESG-themed products themes).

The FTSE EPRA NAREIT Green indices are managed by FTSE International in partnership with the European Public Real Estate Association (EPRA), a non-profit organisation responsible for promoting and developing the European real estate sector, and the National Real Estate Investment Trust Association (NAREIT), based in the United States.

 

Key characteristics

Name ISIN Code Mnemonic Distribution Policy Annual Ongoing Charges* Currency SRRI*
 

BNP PARIBAS EASY FTSE EPRA/NAREIT DEVELOPED EUROPE EX UK GREEN UCITS ETF

LU2008763935 GREAL FP Capitalisation 0.40% EUR 5

* Source: BNP Paribas Asset Management, as at 31 October 2019.  Management company: BNP Paribas Asset Management Luxembourg.  SRRI risk scale: 1 (lower risk) to 7 (higher risk).  SRRI: Synthetic Risk and Reward Indicator – the higher the risk, the longer the recommended investment horizon.

BNP Paribas Easy is a Luxembourg SICAV that complies with Directive 2009/65/EC. Investments made in the funds are subject to market fluctuations and the risks inherent in investments in transferable securities.  The value of investments and the income they generate may go down as well as up and investors may not get back the full amount invested.  The funds described present a risk of capital loss.  For a more complete definition and description of risks, please refer to the prospectus and KIID of the fund available free of charge on our website: http://www.easy.bnpparibas.fr/.  Past performance is not an indication of future performance.

 

PRESS CONTACTS

BNP Paribas Asset Management

Quentin Smith

+44 20 7063 7107

quentin.smith@bnpparibas.com

 


 

[1] Exchange-traded fund

[2] Environmental, Social & Governance

[3] Source: BNP Paribas Asset Management, as at 30 September 2019

Additional information

This material is issued and has been prepared by BNP PARIBAS ASSET MANAGEMENT UK Limited, authorised and regulated by the Financial Conduct Authority.  Registered in England No: 02474627, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom.  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 is produced for information purposes only and 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 Fund described herein has been established as a SICAV under Luxembourg law, it 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 this document is available at http://www.bnpparibas-am.com/.

As at October 2019.

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