Amundi Starts Three Low-Carbon Funds in Europe

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Amundi, an asset manager majority owned by Credit Agricole SA, started three European funds offering institutional investors a way to manage financial risks from climate change and carbon emissions.

The funds will track MSCI Low Carbon Leaders indexes, Amundi, which has about 954 billion euros ($1.1 trillion) under management, said Tuesday in an e-mailed statement. MSCI started its Low Carbon Leaders indexes in September, developing them with Amundi and two European pension funds.

(Corrects figure in second paragraph.)
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