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NYSE Euronext and EasyETF launch European low-carbon index and ETF using Trucost carbon data |
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24th October, 2008 |
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NYSE Euronext and EasyETF launch European low-carbon index & ETF managed by BNP Paribas Asset Management in partnership with Trucost, AgriSud, GoodPlanet.org and WWF Paris, 24 October - Today, at a conference in Paris organised by BNP Paribas Investment Partners, NYSE Euronext announced the launch of a new carbon index identifying European companies with a low carbon footprint: the "Low Carbon 100 Europe® Index" . The index uses data provided by Trucost, a UK-based environmental research company, and Crédit Agricole Cheuvreux. At the same time, BNP Paribas announced the creation of the first low-carbon ETF, using the newly launched index as its underlying: "EasyETF Low Carbon 100 Europe" , which will list on Euronext Paris shortly. This ETF will give investors the opportunity to invest in companies with a low-carbon footprint. The Low Carbon 100 Europe® Index is designed to measure the performance of the 100 largest blue-chip European companies with the lowest carbon (CO2) emissions in their respective sectors or sub-sectors. It is based on a unique methodology developed in collaboration with experts from Paris Dauphine University and validated by an independent scientific committee. The new index has been created in partnership with Non-Governmental Organisations (NGOs): AgriSud, GoodPlanet.org and WWF. When compared to the group of 300 of the largest European companies used as a benchmark, the companies included in the Low Carbon 100 Europe® Index have, on average, around 42% lower carbon emissions. This shows that NYSE Euronext is providing investors with an effective instrument that takes into consideration CO2 emissions and may be used as a relevant benchmark for portfolio management as well as a suitable underlying for index-linked products such as ETFs. The conference on "Finance and Environmental issues" attracted investors, asset management professionals, NGOs and academics. Jean-François Théodore, Deputy Chief Executive Officer, NYSE Euronext said: "There is a growing investor appetite for products that are carbon efficient and we are delighted to launch the first pan-European low-carbon index, specifically designed with the support of an international group of experts and in close relation with NGOs . This innovative initiative enables NYSE Euronext to offer investors a new trading tool and to enlarge our environmental offer, which already includes Bluenext and Metnext." Trucost Chief Executive Simon Thomas said: "Trucost's work with NYSE Euronext provides all investors with the opportunity to invest in carbon-efficient companies in their industry sectors. As the cost of emissions increases, the ground-breaking ETF and underlying index are designed to enable fund managers and retail investors to achieve above market returns with a much lower exposure to carbon risk." EasyETF Low Carbon 100 Europe will aim at replicating the performance of the reference index, upward or downward. Gilles Glicenstein, Chairman and Chief Executive, BNP Paribas Asset Management, said: "We are proud to associate the name of BNP Paribas Asset Management with this initiative and to be able before long to launch, with the support of our NGO partners, an innovative product. EasyETF Low Carbon 100 Europe will be the first tracker enabling individual and institutional investors to integrate the carbon constraint in their investment choices. Besides, the launch of this new product is a natural expansion of our commitment in management and promotion of sustainable and responsible investment." Notes to Editors: More information about the Low Carbon Europe 100 Index (composition, historical data, FAQ) can be found on the following website: www.euronext.com/LC100EuropeAnnexes: Low Carbon 100 Europe Index Composition Media relations: NYSE Euronext (Paris)
About Trucost Plc Trucost is a world-leading environmental research organisation which helps companies and investors understand the environmental impacts of business activities. Trucost provides data and analysis on company emissions and natural resource usage in financial as well as quantity terms to help investors, fund managers and analysts understand how environmental issues could affect companies' future earnings. Institutional investors use the information to assess the carbon or environmental footprints of their portfolios, to identify differences in performance, to address environmental risks and create structured products with lower carbon or environmental impacts. Trucost tracks data on the environmental impacts and disclosures of over 4,500 companies and has the world's largest record of greenhouse gas emissions. Coverage includes the FTSE All-Share, S&P 500, Russell 1000 Nikkei 225, DJ Stoxx 600, MSCI World Developed, MSCI Europe, MSCI Asia ex-Japan and ASX 200 indices. EasyETF, off the beaten track Trackers The EasyETF range is a unique offer, benefiting from the combined expertise of AXA Investment Managers and BNP Paribas in fund management, market-making, as well as distribution. Its aim is to give investors access to an ever growing variety of asset classes (equity, bonds, money market, credit, real estate, commodities, Shariah equities etc.) and diverse economic sectors (Bank, Health, Media etc.) as well as thematics (Infrastructure, environment, Nuclear etc..) in order to allow them to fine-tune the performance of their asset allocation strategies. The EasyETF product range now includes 53 trackers, of which 47 are listed on Euronext Paris, 10 on Deutsche Börse, 2 on the Swiss Stock Exchange (SWX) and 7 on Borsa Italiana for a total of €3.960 billion* in assets under management. Further information on the EasyETF range and trackers investment strategies is available on(*) Data as at end of September 2008. About BNP Paribas Asset Management BNP Paribas Asset Management is a European leader in traditional, indexed and structured investment management. Original core activity of BNP Paribas Investment Partners, BNP Paribas Asset Management has euro 225 billion of assets under management*, and more than 900 people servicing clients in 59 countries. It offers a wide range of management capabilities with a shared focus on innovation, robustness and consistency of investment processes as well as accuracy of risk control. BNPP AM dispose depuis 2002 d'une équipe dédiée de gérants et analystes spécialisés dans l'évaluation des entreprises sur des critères sociaux, environnementaux, et de gouvernance. En 2006, BNPP AM est devenu l'un des premiers signataires des Principes d'Investissement Responsable (PRI) et occupe la vice-présidence de l'Institutional Investors Group on Climate Change (IIGCC). BNP Paribas Asset Management's excellence is reflected by Fitch's second-highest rating: M2+. * Figures as at 30 June 2008, assets under advisory included. About NYSE Euronext NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; NYSE Liffe, the company’s U.S. futures business and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options, futures and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to more than 6,500 listed issues (as of Oct. 1, 2008) with total global market capitalization more than four times that of any other exchange group. The average daily trading value of NYSE Euronext's equity exchanges represent more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information and free real-time stock prices for all NYSE-listed securities, please visit www.nyx.com. |
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