Ossiam has issued the launch of the Ossiam Bloomberg World PAB UCITS ETF.

The new fund invests in a portfolio of companies from developed markets and pursues a net-zero emissions strategy. It is classified as Article 9 under SFDR regulation using the Bloomberg PAB Developed Markets Large & Mid Cap Net Return Index as a benchmark.

Ossiam has also announced that the total AUM of its PAB equity ETF strategies rose to €2 billion as of July 2024.

Paul Lacroix, Head of Products at Ossiam, said, “This new ETF completes our family of building block equity indices, a range of Article 9 ETFs on all major equity investment universes, with low tracking error, which now represent €2 billion in assets under management. The addition of the World PAB equity ETF recognises the strong investor demand for Ossiam’s range of PAB equity strategies, used as a cost-effective tool to meet both ESG requirements and financial objectives.”

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