US EditionBNP Paribas debuts Europe’s first equal-weight global ESG ETF
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This new fund has been listed since May 20 on Euronext Paris and Deutsche Börse Xetra, and will soon be listed on Borsa Italiana and SIX Swiss Exchange.
Bankinter Market Consensus The French entity reiterates the objectives of the strategic plan 2024/2026 (>5% in revenues, >7% in BNA and capital CET1 ~12.3%), but the ordinary profitability/RoTE remains in the low range of the sector (11.8% vs >15.0% in the main European entities).The credit quality indices are good (morosity~1.6%) and the acquisition of AXA IM makes strategic sense, but we maintain recommendation in Neutral with an Objective Pr…
The concept of 'teaming' gained special prominence in 2024 to compensate for the disproportionate weight of the so-called '7 magnificents'. The alternative weighting provides a fairer perspective on the dynamics of market activity, as explained by BNP in a press release. "The equipmenting in our portfolio offers a greater exposure to smaller companies, while reducing concentration in larger capitalization companies," the firm said.
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