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BNP Paribas AM launches first global equal weight ESG ETF in Europe
BNP Paribas Asset Management has launched its first equally weighted ETF, the BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF (WEWEU), which incorporates ESG exclusions and is listed on multiple European exchanges with a 0.20% ongoing charges ratio. The ETF tracks the MSCI World Equal Weighted Ex Business Involvement Screens Select index, applying an ESG screen to select companies based on their ESG scores. This launch follows a similar product from Invesco and will compete with the VanEck World Equal Weight Screened UCITS ETF, both priced at the same fee.
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