Invesco Launches Paris-Aligned Emerging Market ETF

The ETF issuer now has five Paris-aligned benchmark products.

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Reviewed by: Theo Andrew
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Edited by: Theo Andrew

LondonInvesco has become the latest issuer to extend its Paris-aligned benchmark (PAB) range with the launch of a climate-focused emerging market ETF, ETF Stream can reveal.

The Invesco MSCI Emerging Market ESG Climate Paris Aligned UCITS ETF (PAEM) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.19%.

PAEM tracks the performance of the MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select index, comprised of large and mid-cap companies across 24 emerging markets.

Under the terms of the PAB, the ETFs will be targeting a 50% reduction in carbon emissions compared with their investible universe, as well as a 7% year-on-year decarbonisation.

The launch of PAB-related ETFs has exploded in recent months, with Legal and General Investment Management, BlackRock and Franklin Templeton launching products this week alone.

In April, HSBC Asset Management also launched a PAB emerging market ETF.  

It takes the number of PAB products in Invesco’s range to five, with exposures to the US, Japan, Europe and world already in place.

 

[Editor’s note: This article originally appeared on ETF Stream]

Theo Andrew joined ETF Stream as a senior reporter in September 2021. He has over four years of investment writing experience spanning pensions and retail investments, most recently at Citywire, where he was a senior reporter covering environmental, social and governance investing.