LONDON – Authorized & Common (LON:) UCITS ETF PLC (the “Company”) has introduced modifications to one among its exchange-traded funds, the L&G Europe ESG Exclusions Paris Aligned UCITS ETF, which can quickly observe a brand new index and endure a reputation change. The present index, Foxberry Sustainability Consensus Europe Complete (EPA:) Return Index, will probably be changed with the MSCI ACWI Choose Local weather 500 Index – Europe Subset.
The fund’s identify may even change to L&G Local weather Pathway UCITS ETF. This transfer displays a shift in classification from Article 9 to Article 8 below the Sustainable Finance Disclosure Regulation (SFDR), indicating a strategic concentrate on environmental sustainability.
Along side these modifications, the fund’s whole expense ratio (TER) will probably be lowered from 0.16% to 0.10%. The corporate anticipates that these updates will probably be efficient on or round December 18, 2024. The discover detailing these modifications has been submitted to the Nationwide Storage Mechanism and is out there for public inspection.
Authorized & Common Funding Administration Restricted, which manages the fund, has communicated the upcoming modifications to the Financial institution of New York Mellon (NYSE:) (Depository) Nominees Restricted, the registered holder of shares within the sub-fund. This data relies on a press launch assertion and has been confirmed by the information service of the London Inventory Alternate (LON:).
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