Amundi targets ESG companies in Germany with new DAX ESG ETF

Fund offered with a total expense ratio of 0.19%

Amundi has launched an ETF on Xetra offering investors access to the 50 largest companies in Germany according to ESG rankings.

The Amundi DAX 50 ESG UCITS ETF is composed of the 50 largest German companies with strong sustainable profiles. The fund allows investors to participate in the performance of these companies based on their market capitalisation, stock exchange turnover and ESG score. Amundi launches emerging markets ESG ETF Companies with business activities in controversial sectors such as gambling, tobacco, nuclear power, steam coal or weapons are excluded. Fannie Wurtz, head of ETF, indexing and smart beta at Amundi, said: "We are delighted to enhance our offering of responsible ETFs, provid...