Amundi has launched a new ESG ETF focusing on emerging market stocks to be launched on Xetra.

The MSCI Emerging ESG Universal Select UCITS ETF invests in large and medium-sized companies from 23 emerging markets that are considered sustainable. Amundi says preference is given to companies with a stable ESG profile and a positive performance to improve this profile. Companies with significant business activities in nuclear energy, tobacco, coal, alcohol, gambling and weapons as well as genetically modified organisms are excluded from the index.