BNPP AM switches French market ETF to ESG index

BNP Paribas Easy CAC 40 UCITS ETF will be renamed

BNP Paribas Asset Management (BNPP AM) has said that its Easy CAC 40 UCITS ETF will now replicate the CAC 40 ESG NTR, which launched in March this year and represents the 40 mainly French companies with the best ESG practices.

Following the change, BNPP AM now manages the first French market index fund to track this index, which is administered by Euronext and launched on 22 March. It will now be renamed the BNP Paribas Easy CAC 40 ESG UCITS ETF, while the objective and strategy will also change to reflect the new benchmark's methodology. The companies in the CAC 40 ESG NTR index are constituents of the Euronext CAC Large 60 index and are chosen on the basis of ESG data provided by VE, part of Moody's ESG Solutions, in accordance with the requirements of the French Ministry of the Economy and Finance's SRI ...