US EditionBNP Paribas to close two Luxembourg-domiciled ESG ETFs
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BNP Paribas to close two Luxembourg-domiciled ESG ETFs
BNP Paribas Asset Management has announced the closure of two Luxembourg-domiciled ESG ETFs, citing low investor demand as the reason. The BNP Paribas Easy ESG Low Vol US Ucits ETF and BNP Paribas Easy ESG Momentum Europe Ucits ETF will be liquidated on May 14. This decision comes just before new guidelines from the European Securities and Markets Authority (ESMA) on the naming of ESG funds come into effect on May 21. BNP denies that the regulat…
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