New equity ETF from AXA IM on Xetra: access to the US stock market in line with the Paris Climate Agreement
New equity ETF from AXA IM on Xetra: access to the US stock market in line with the Paris Climate Agreement
Since Tuesday, a new exchange-traded fund issued by AXA Investment Managers has been tradable on Xetra and on the trading venue Börse Frankfurt.
The AXA IM MSCI USA Equity PAB UCITS ETF tracks the performance of the MSCI USA Climate Paris Aligned Index and invests in 270 large and mid-cap companies listed on the US stock market. The selection and weighting of companies aims to capture opportunities from the transition to a lower carbon economy while reducing physical climate risks. The index on which the fund is based meets the standards of the Paris Climate Agreement.
Investors can trade the new ETF flexibly using the same ISIN in the currency of their choice – euros or US dollars. The trading currency can be selected via an individually assigned exchange symbol.
Name | Asset class | ISIN | Xetra Ticker for the | |
EUR | USD | |||
AXA IM MSCI USA Equity PAB UCITS ETF | Equity ETF | AIUT | AIUU | |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,134 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.