Amundi has launched a new emerging market ESG ETF covering mid and large cap stocks.

The Amundi MSCI Emerging ESG Leaders UCITS ETF will track the performance of the MSCI EM ESG Leaders 5% Issuer Capped index and include mid and large stocks in 26 emerging market countries. The fund has been launched with a €500m investment from Finnish pension insurance firm Ilmarinen, and excludes companies involved in tobacco, alcohol, gambling and nuclear power, as well as conventional, nuclear, controversial and civilian weapons.