AXA IM expands PAB ETF range with a new Europe equity addition

AXA Investment Managers (AXA IM) continues to expand its ETF range and launches AXA IM MSCI Europe Equity PAB UCITS ETF (ticker: AIME), a new addition to its Paris Aligned Benchmark (PAB) offering, which now includes four ETFs.

AXA IM MSCI Europe Equity PAB UCITS ETF tracks the performance of the MSCI Europe Climate Paris Aligned Index®, net of management fees, both upwards and downwards. This ETF aims to enable investors to invest in large and mid-cap companies across developed markets in Europe and that are following a decarbonisation trajectory consistent with the objectives of the Paris Agreement, in a cost-efficient way. The index also excludes companies involved in specific business activities (such as thermal coal mining, oil and gas or power generation, etc.) or involved in ESG (Environment, Social and Governance) controversies¹.

The ETF is managed in a physical manner² and charges a Total Expense Ratio (TER) of 0.14%, making AIME one of the cheapest ETFs of its category³. AIME is classified as Article 8 under the Sustainable Finance Disclosure Regulation⁴ (SFDR).

AIME is available on Deutsche Börse Xetra (ticker: AIME GY) in Euros, to investors in Austria, Germany, Denmark, Finland, France, Italy, Luxembourg, Netherlands, Norway, Spain and Sweden.

Olivier Paquier, Global Head of ETF Sales at AXA IM, said: “Investors we meet are continuously looking for more tools to produce added value and reduce their exposure to climate risks, if possible in a transparent, simple and cost-effective way. We are excited to launch AXA IM MSCI Europe Equity PAB UCITS ETF, an extra building block which offers those investors exposure to European companies while trying to reduce their exposure to transition and physical climate risks, with specific requirements”.

Nicolas-Louis Guille-Biel, Global Head of ETF and Product Strategy at AXA IM, added: "As per last year, in 2024 our priority is to provide investors with a range of core building blocks based on our responsible investment expertise. The extension of our PAB range, comprising both active and passive strategies, as well as bonds and equities, is part of this strategy.”

AXA IM now has a suite of eight UCITS ETFs across equities, and fixed income, both using passive and active strategies. AXA IM manages $1.8 billion in ETFs as at end of December 2023.

There can be no assurance that the ETFs will achieve their investment objective. Risk of loss: Investors may lose part of or entirely the invested capital depending on market conditions.

Key Risks

Counterparty risk: This is the risk of default (or counterparty’s failure to perform any of its obligations) of any counterparties of the Fund to any OTC financial derivatives transactions. The counterparty’s default (or the counterparty’s failure to perform any of its obligations) under these transactions may have a material adverse effect on the Net Asset Value of the Fund.

Given the investment strategy of the Fund and its risk profile, the likely impact of sustainability risks on the Fund’s returns is expected to be low.

Equity risk: share prices may fluctuate based on investors' expectations or forecasts, which may result in high volatility risk.

The list above of risk factors is not exhaustive. Please refer to the prospectus for full product details and complete information on the risks.

_{1 For more information on the index, see www.msci.com}

_{2 Managed in a physical manner: the ETF directly holds the assets that make up the index.}

_{3 Category: MSCI Europe Climate Paris Aligned in EUR.}

_{4 The classification of the AXA IM MSCI Europe Equity PAB UCITS ETF under SFDR may be subject to adjustments and amendments, since SFDR has come into force recently only and certain aspects of SFDR may be subject to new and/or different interpretations than those existing at the date of this prospectus. As part of the ongoing assessment and current process of classifying its financial products under SFDR, the Manager reserves the right, in accordance with and within the limits of applicable regulations and of the AXA IM MSCI Europe Equity PAB UCITS ETF ’s legal documentations, to amend the classification of the Funds from time to time to reflect changes in market practice, its own interpretations, SFDR-related laws or regulations or currently-applicable delegated regulations, communications from national or European authorities or court decisions clarifying SFDR interpretations. Investors are reminded that they should not base their investment decisions on the information presented under SFDR only.}

^Disclaimer

^{This press release should not be regarded as an offer, solicitation, invitation or recommendation to subscribe for any investment service or product and is provided for information purposes only. No financial decisions should be made on the basis of information provided.}

^{This press release does not constitute on the part of AXA Investment Managers a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.}

^{Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.}

^{Before making an investment, investors should read the relevant Prospectus and the Key Investor Information Document / scheme documents, which provide full product details including investment charges and risks. The information contained herein is not a substitute for those documents or for professional external advice.}

^{The product or strategy discussed in this document may not be registered nor available in your jurisdiction. Please check the countries of registration with the asset manager, or on the local web sites https://www.axa-im.com/en/ , where the funds and share classes published are filtered according to country of registration and investors’ profile. In particular units of the funds may not be offered, sold or delivered to U.S. Persons within the meaning of Regulation S of the U.S. Securities Act of 1933. The tax treatment relating to the holding, acquisition or disposal of shares or units in the fund depends on each investor’s tax status or treatment and may be subject to change. Any potential investor is strongly encouraged to seek advice from its own tax advisors.}

^{UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.}

^{For more information on sustainability-related aspects please visit https://www.axa-im.com/what-is-sfdr. The classification of the AXA IM MSCI Europe Equity PAB UCITS ETF under SFDR may be subject to adjustments and amendments, since SFDR has come into force recently only and certain aspects of SFDR may be subject to new and/or different interpretations than those existing at the date of this [Prospectus]. As part of the ongoing assessment and current process of classifying its financial products under SFDR, [the Manager] reserves the right, in accordance with and within the limits of applicable regulations and of the AXA IM MSCI Europe Equity PAB UCITS ETF’s [legal documentation], to amend the classification of the Fund from time to time to reflect changes in market practice, its own interpretations, SFDR-related laws or regulations or currently-applicable delegated regulations, communications from national or European authorities or court decisions clarifying SFDR interpretations. Investors are reminded that they should not base their investment decisions on the information presented under SFDR only.}

^{For investors located in the European Union: Please note that the management company reserves the right, at any time, to no longer market the product(s) mentioned in this communication in the European Union by filing a notification to its supervision authority, in accordance with European passport rules.}

^{In the event of dissatisfaction with AXA Investment Managers products or services, you have the right to make a complaint, either with the marketer or directly with the management company (more information on AXA IM complaints policy is available in English: https://www.axa-im.com/important-information/comments-and-complaints ). If you reside in one of the European Union countries, you also have the right to take legal or extra-judicial action at any time. The European online dispute resolution platform allows you to submit a complaint form (available at: https://ec.europa.eu/consumers/odr/main/index.cfm?event=main.home.chooseLanguage) and provides you with information on available means of redress (available at: https://ec.europa.eu/consumers/odr/main/?event=main.adr.show2).}

^{Summary of investor rights in English is available on AXA IM website https://www.axa-im.com/important-information/summary-investor-rights. Translations into other languages are available on local AXA IM entities’ websites.}

^{AXA IM MSCI Europe Equity PAB UCITS ETF is a sub-fund of the Irish-domiciled ICAV AXA IM ETF with registered address at 33 Sir John Rogerson’s Quay, Dublin 2, Ireland, and registered with the Central Bank of Ireland under the number C469468. AXA IM ETF ICAV is a collective asset-management vehicle under the European UCITS directive. It is managed by AXA Investment Managers Paris, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6 place de la Pyramide, 92800 Puteaux, registered with the Nanterre Trade and Companies Register under number 353 534 506, and a Portfolio Management Company, holder of AMF approval no. GP 92008, issued on 7 April 1992.}

^{The MSCI Europe Climate Paris Aligned Index was used by AXA IM as the reference universe for selection of the companies included in the AXA IM MSCI Europe Equity PAB UCITS ETF. MSCI does not in any way sponsor, support, promote or endorse the AXA IM MSCI Europe Equity PAB UCITS ETF. MSCI was not and is not involved in any way in the creation, calculation, maintenance, or review of the AXA IM MSCI Europe Equity PAB UCITS ETF. The MSCI Europe Climate Paris Aligned Index was provided on an “as is” basis. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating the MSCI Europe Climate Paris Aligned Index (collectively, the “MSCI Parties”) expressly disclaim all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose). Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages in connection with the MSCI Europe Climate Paris Aligned Index or the AXA IM MSCI Europe Equity PAB UCITS ETF.}

^{Issued by AXA Investment Managers Paris – Tour Majunga – 6, place de la Pyramide – 92908 Paris La Défense cedex, France.}