BNP Paribas Easy ESG Value Europe UCITS ETF (VALU)

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https://oci-global.com

BNP Paribas Easy ESG Value Europe UCITS ETF is a UCITS-compliant exchange-traded fund that seeks to replicate the performance of the BNP Paribas Value Europe ESG Index. This index targets shares of European companies identified as fundamentally undervalued through value factors such as EBITDA to enterprise value, forward sales to enterprise value, free cash flow to market capitalization, and book value yield. It integrates stringent ESG criteria throughout the investment process, leveraging data from providers like Bloomberg and MSCI, including at least 20% exclusion based on do no significant harm principles, corporate and social responsibility filters, and positive ESG scoring that influences expected returns and allocations. The ETF employs synthetic replication via swaps to achieve exposure to the index while controlling tracking error below 1%. Focused on European equities across sectors like financials, industrials, and consumer staples, with overweight in countries such as Italy, Spain, and Sweden, it promotes environmental and social characteristics under SFDR Article 8. Managed by BNP Paribas Asset Management Luxembourg SA and a sub-fund of BNP Paribas Easy SICAV under Luxembourg law, the ETF uses a capitalisation policy, reinvesting dividends, and maintains exposure optimized for value factor under volatility constraints.