- Amundi has confirmed its commitment to facilitate investors’ shift towards responsible investing by transitioning an additional ETF on a flagship equity index into an environmental, social and governance (ESG) equivalent.

The Amundi FTSE MIB UCITS ETF recently became the Amundi Italy MIB ESG – UCITS ETF DR and it is now the first ETF tracking the newly created MIB ESG index, developed by Euronext. The index tracked by the ETF offers exposure to the 40 main Italian stocks which demonstrate strong ESG practices among the 60 most liquid Italian companies listed on the Italian Stock Exchange.

It applies norm-based exclusion filters in accordance with the United Nation (UN) Global Compact principles and a negative screening allows to exclude companies involved in controversial business practices. The ETF also aims to deliver an improved weighted carbon intensity compared to its investible universe.

- Spanish private pension fund assets decreased by 9.63 per cent in the first half of 2022, according to VDOS.

The assets stood at €87,282m at the end of the first half of the year. Net refunds of €234m were recorded. Caixabank is the group with the highest net worth under management, with a share of 27.44 per cent.

- Punter Southall Aspire has launched new online tool. Pension Potential is a tool for employees to make sense of their retirement options and to guide them through the process of buying an annuity.

Pension Potential searches the entire market for the best deal and takes the saver’s health and lifestyle into account. Together with online guidance, the website incorporates options for people to talk to a specialist about their particular circumstances and also creates a personalised report for each user on what their plans will give them.

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