BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF

Issuer: BNP Paribas Asset Management
Asset Class: Equity
TER: 15bps
Trading Currency: GBP
Pays Income: False
Listing Date: 21 Apr 2026
Ticker: UAGB
ISIN: LU1291104575
This investment product provides exposure to the U.S. equity market with a strong emphasis on sustainability and climate-related objectives. It is designed to replicate the performance of an index comprising U.S. large and mid-capitalization companies that demonstrate robust Environmental, Social, and Governance (ESG) profiles. The strategy involves a rigorous screening process, which excludes firms involved in controversial business activities such as weapons, tobacco, and fossil fuels, while selecting leaders in sustainability within their respective sectors. This approach allows investors to align their capital with companies that are proactively managing their ESG risks and opportunities.

A key feature of this fund is its adherence to the Paris-Aligned Benchmark (PAB) framework. This means the underlying portfolio is constructed to be compatible with the long-term goals of the Paris Agreement, aiming for a significant reduction in carbon emissions. The index targets at least a 50% reduction in greenhouse gas intensity compared to the standard market benchmark and an average annual decarbonization of 7%. This makes the fund a suitable option for investors who wish to address climate change risk in their portfolios and contribute to the transition to a low-carbon economy. The fund also implements a 5% cap on the weight of any single company, which helps to ensure diversification and reduce concentration risk.

By investing in this fund, one gains a diversified core holding in U.S. equities that integrates deeply responsible investment criteria. It serves those who seek not only financial returns but also a positive societal and environmental impact. The accumulating share class structure ensures that any dividends paid by the underlying companies are automatically reinvested back into the fund, fostering long-term capital compounding.

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