OVHaiLLM/Flipper huggingface dataset:
# Management commentary
Although showing a tendency to slow, the US economy continued to expand slightly in November. The ISM Manufacturing index fell again in October but nonetheless remained in slightly positive territory while the Services index, also down compared with September, still indicated a significant rise in activity.

### Net job creations amounted to 261,000 in October, lower than in September but still relatively high and better than forecast. On the other hand, unemployment inched up from 3.5% to 3.7%.
Inflation, although still very high, slowed more than expected in September at 7.7% (headline) and 6.3% (core) year on year. The momentum was similar in average hourly wages, up by 4.7% year on year, which is high but lower than in the previous months.
On November 1, the Federal Reserve - still giving the priority to curbing inflation despite the risk to growth - announced another 75 basis points hike in the Fed Funds rate (bringing the range to 3.75-4.0%).
The materials, industrial and financial sectors posted the strongest performances for the month. Although posting positive returns for the month, the consumer discretionary and communication services sectors were the worst performers in terms of relative performance.

Translation (ENIT, 2022-11-30):
# Commento di gestione
A novembre, nonostante la tendenza al rallentamento, l’economia americana è comunque rimasta in lieve espansione. Malgrado un nuovo calo, l’indice ISM manifatturiero di ottobre si è mantenuto in territorio leggermente positivo, mentre il suo omologo dei servizi, anch’esso in ribasso rispetto a settembre, ha continuato a indicare un sensibile incremento dell’attività.
A ottobre, sono stato creati 261.000 posti di lavoro netti, numero inferiore a quello di settembre, ma sempre relativamente elevato e migliore del previsto. Il tasso di disoccupazione è invece cresciuto dal 3,5% al 3,7%.
L’inflazione, seppure sempre elevata, è scesa più del previsto a settembre: 7,7% (indice generale) e 6,3% (indice sottostante) su 12 mesi. La dinamica è stata analoga per quanto riguarda il salario orario minimo, con un rialzo del 4,7% su 12 mesi, certo elevato ma inferiore a quello dei mesi precedenti.
Sempre intenzionata a privilegiare il contrasto all’inflazione, malgrado i rischi per la crescita, la Fed ha annunciato il 1° novembre un nuovo rialzo dei tassi Fed Fund di 75 pb (ora a 3,75- 4,0%).
Nel corso del mese, i settori dei materiali, dell’industria e della finanza sono stati i più performanti. Tuttavia, benché abbiano registrato rendimenti mensili positivi, l’energia, i consumo discrezionali e i servizi di comunicazione sono stati i meno brillanti in termini di performance relative.
# Key Information (Source: Amundi)	Objective and Investment Policy
The objective of this Sub-Fund is to track the performance of MSCI North America ESG Broad CTB Select Index, and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The Sub-Fund aims to achieve a level of tracking error of the Sub-Fund and its index that will not normally exceed 1%.
« Technical net asset values may be calculated and published for any calendar day (excluding Saturdays and Sundays) that is neither a business day nor a transaction day. These technical net asset values are merely indicative and will not be the basis for purchasing, switching, redeeming and/or transferring shares.”

Translation (ENIT, 2022-11-30):
# Informazioni chiave (Fonte : Amundi)	Obiettivo di investimento
L'obiettivo del presente Comparto consiste nel replicare il rendimento dell'Indice MSCI North America ESG Broad CTB Select e minimizzare il tracking error tra il valore patrimoniale netto del Comparto e il rendimento dell'Indice. Il Comparto mira a conseguire un livello di tracking error proprio e di quello del suo indice normalmente non superiore all'1%.
« I valori patrimoniali netti tecnici possono essere calcolati e pubblicati in ogni giorno solare (esclusi sabati e domeniche), che non sia un giorno lavorativo né un giorno di negoziazione. I suddetti valori patrimoniali netti tecnici sono meramente indicativi e non costituiranno la base per l’acquisto, la conversione, il rimborso e/o il trasferimento di azioni.”
Net Asset Value (NAV) : (A) 60.08 ( EUR )
(D) 51.32 ( EUR )
NAV and AUM as of : 30/09/2022
Assets Under Management (AUM) :
2,870.96 ( million EUR )
ISIN code : (A) LU1861137484
(D) LU2059756598
Benchmark :
100% MSCI EUROPE SRI FILTERED PAB

Translation (ENIT, 2022-09-30):
Valore quota (NAV) : (A) 60,08 ( EUR )
(D) 51,32 ( EUR )
Data di valorizzazione : 30/09/2022
Patrimonio in gestione : 2 870,96 ( milioni EUR )
Codice ISIN : (A) LU1861137484
(D) LU2059756598
Benchmark :
100% MSCI EUROPE SRI FILTERED PAB
# Portfolio Breakdown
### Modified duration *0.13

### Average rating	A+

### Number of Lines	91

### Issuer number	54
- Modified duration (in points) estimates a bond portfolio’s percentage price change for 1% change in yield


## Portfolio breakdown - Long term rating *	Portfolio breakdown by maturity *

Translation (ENIT, 2021-09-30):
# Scomposizione del portafoglio
| Performance annuale * |  |
| --- | --- |
|  | 2020 | 2019 | 2018 | 2017 | 2016 |
| Portafoglio | -0,44% | -0,30% | -0,37% | -0,24% | - |
| Benchmark | -0,43% | -0,36% | -0,33% | -0,33% | - |
| Scostamento | -0,01% | 0,06% | -0,05% | 0,09% | - |


### Portafoglio

### Numero titoli91

### Numero emittenti54
- La Modified Duration (in punti) rappresenta la variazione percentuale del prezzo a fronte di un’evoluzione dell’1% del tasso di riferimento.


## Ripartizione per Rating a lungo termine *	Ripartizione per Area di Curva *
# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 30/11/2012 to 30/11/2022* (Source: Fund Admin)
110
100
90
80
|  |  |
| --- | --- |
| Risk analysis (rolling) (Source: Fund Admin) |
| 60 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 year | 3 years | 5 years |
|  | Portfolio volatility | 3.37% | 9.18% | 9.56% |
| Benchmark volatility | 0.17% | - | - |
| Ex-post Tracking Error | 3.39% | - | - |

70

Translation (ENIT, 2022-11-30):
# Performance (Fonte : Fund Admin) - I rendimenti passati non sono indicativi di quelli futuri
Evoluzione della performance (base 100) * dal 30/11/2012 al 30/11/2022 (Fonte : Fund Admin)
110
100
90
80
70
11/12
05/13
11/13
05/14
11/14
05/15
11/15
05/16
11/16
05/17
11/17
05/18
11/18
05/19
11/19
05/20
11/20
05/21
11/21
05/22
11/22
60

## Portafoglio (84,19)	Indice di riferimento
Performance * (Fonte : Fund Admin)
|  | Da inizio anno | 1 mese | 3 mesi | 1 anno | 3 anni | 5 anni | Da inizio gestione |
| --- | --- | --- | --- | --- | --- | --- | --- |
| A partire dal | 31/12/2021 | 31/10/2022 | 31/08/2022 | 30/11/2021 | 29/11/2019 | 30/11/2017 | 22/07/2009 |
| Portafoglio | 6,30% | -0,60% | 0,26% | 5,16% | 24,58% | 18,81% | -13,78% |
| Benchmark | 4,23% | 0,55% | 1,53% | 4,50% | - | - | - |
| Scostamento | 2,07% | -1,15% | -1,27% | 0,66% | - | - | - |

Performance annuale * (Fonte : Fund Admin)
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Portafoglio | -3,50% | 23,19% | -9,44% | 5,09% | -17,31% | -0,80% | -1,95% | -2,69% | -12,20% | -4,16% |
| Benchmark | - | - | - | - | - | - | - | - | - | - |
| Scostamento | - | - | - | - | - | - | - | - | - | - |

Performance mensile (Fonte : Fund Admin)
# Vega and volatility evolution during the month (Source: Fund Admin)
0.75 %	24 %

### Implied volatility 1 Year

### Vega (%)
0.5 %	23 %
0.25 %	22 %
02/11/2022
09/11/2022
16/11/2022
23/11/2022
30/11/2022
0 %	21 %

### Vega (0.63%)	Volatility (21.60%)

## Geographical breakdown (Source: Amundi)
125 %
100 %
75 %
50 %
25 %
0 %
11/2021	12/2021	01/2022	02/2022	03/2022	04/2022	05/2022	06/2022	07/2022	08/2022	09/2022	10/2022 11/2022

### Vega Asia (25.31%) Vega Europe (49.37%) Vega US (25.32%)

Translation (ENIT, 2022-11-30):
# Andamento della volatilità implicita e del vega su base mensile (Fonte : Fund Admin)
## Volatilità implicita 1 anno
0,75 %	24 %

## Vega (%)
0,5 %	23 %
0,25 %	22 %
02/11/2022
09/11/2022
16/11/2022
23/11/2022
30/11/2022
0 %	21 %

## Vega (0,63%)	Volatility (21,60%)
Ripartizione per Paese (Fonte : Amundi)
125 %
100 %
75 %
50 %
25 %
0 %
11/2021	12/2021	01/2022	02/2022	03/2022	04/2022	05/2022	06/2022	07/2022	08/2022	09/2022	10/2022 11/2022

## Vega Asia (25,31%) Vega Europa (49,37%) Vega Stati Uniti (25,32%)
### Vega (%)
0.75 %	22 %
0.5 %
20 %
0.25 %
11/2021
12/2021
01/2022
02/2022
03/2022
04/2022
05/2022
06/2022
07/2022
08/2022
09/2022
10/2022
11/2022
0 %	18 %

Translation (ENIT, 2022-11-30):
## Vega (%)
0,75 %	22 %
0,5 %
20 %
0,25 %
11/2021
12/2021
01/2022
02/2022
03/2022
04/2022
05/2022
06/2022
07/2022
08/2022
09/2022
10/2022
11/2022
0 %	18 %
# Key Information (Source: Amundi)	Objective and Investment Policy
AMUNDI MSCI WORLD ESG LEADERS SELECT
seeks to replicate, as closely as possible, the performance of the MSCI World ESG Leaders Select 5% Issuer Capped Index (Total return index). This sub-fund has exposure to large and mid-cap companies across 23 developed countries using a best-in-class approach by only selecting companies that have the highest MSCI ESG Ratings. In addition, companies showing involvement in alcohol, gambling, tobacco, thermal coal, nuclear power, conventional weapons, nuclear weapons, controversial weapons and civilian firearms are excluded from the Index and each constituent weight is capped at 5%.

Translation (ENIT, 2022-11-30):
# Informazioni chiave (Fonte : Amundi)	Obiettivo di investimento
AMUNDI MSCI WORLD ESG LEADERS SELECT ha
l’obiettivo di replicare, nel modo più accurato possibile, la performance dell’indice MSCI World ESG Leaders Select 5% Issuer Capped (Total return). Questo Comparto consente un’esposizione ai titoli di aziende di media e grande capitalizzazione di 23 paesi sviluppati, secondo un approccio di tipo best- in-class cioè selezionando solo le aziende che hanno i più elevati rating MSCI ESG. Inoltre, sono escluse dall'Indice le aziende coivolte in attività legate ad alcolici, gioco d'azzardo, tabacco, carbone termico, energia nucleare, armi convenzionali, armi nucleari, armi controverse e armi da fuoco civili sono, ed il peso di ogni componente è limitato al 5%.
## Performances from 15/05/2020 to 30/11/2022 (Source : Fund Admin)
175
150
125
100
05/20
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
07/21
08/21
09/21
10/21
11/21
12/21
01/22
02/22
03/22
04/22
05/22
06/22
07/22
08/22
09/22
10/22
11/22
75
Portfolio	Benchmark

Translation (ENIT, 2022-11-30):
## Performance del fondo * (Fonte : Fund Admin)
175
150
125
100
05/20
06/20
07/20
08/20
09/20
10/20
11/20
12/20
01/21
02/21
03/21
04/21
05/21
06/21
07/21
08/21
09/21
10/21
11/21
12/21
01/22
02/22
03/22
04/22
05/22
06/22
07/22
08/22
09/22
10/22
11/22
75
Portafoglio	Indice di riferimento
# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 30/11/2012 to 30/11/2022* (Source: Fund Admin)
160
140
120
100
11/12
05/13
11/13
05/14
11/14
05/15
11/15
05/16
11/16
05/17
11/17
05/18
11/18
05/19
11/19
05/20
11/20
05/21
11/21
05/22
11/22
80

### Portfolio (109.18)	Benchmark (127.26)

### A : Until the end of this period, the reference indicator of the sub-fund was "Barclays Capital Euro Governement Inflation- Linked Bond".

### B : Since the beginning of this period, the sub-fund applies the current investment policy.

## Cumulative Returns * (Source: Fund Admin)
| Since | YTD 31/12/2021 | 1 month 31/10/2022 | 3 months 31/08/2022 | 1 year 30/11/2021 | 3 years 29/11/2019 | 5 years 30/11/2017 | Since 17/02/2003 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Portfolio | -7.31% | 2.68% | -0.15% | -7.64% | -2.64% | -2.59% | 57.93% |
| Benchmark | -4.88% | 3.38% | 0.38% | -4.74% | 4.05% | 8.87% | 90.90% |
| Spread | -2.43% | -0.70% | -0.53% | -2.90% | -6.69% | -11.46% | -32.97% |

Calendar year performance * (Source: Fund Admin)

### 2021	2020	2019	2018	2017	2016	2015	2014	2013	2012

### Portfolio	3.67%	0.72%	5.80%	-4.74%  -0.61%  4.83%	1.63%	6.25%	-1.20%	10.54%

### Benchmark	6.35%	3.13%	6.56%	-1.46%	1.40%	3.79%	2.13%	8.00%	-0.80%	10.93%

### Spread	-2.69%  -2.41%  -0.76%  -3.28%  -2.01%  1.05%  -0.50%	-1.75%	-0.40%	-0.40%
* Source: Fund Admin. The above results pertain to full 12-month period per calendar year. All performances are calculated net income reinvested and net of all charges taken by the Sub-Fund and expressed with the round-off superior. The value of investments may vary upwards or downwards according to market conditions.

Translation (ENIT, 2022-11-30):
# Performance (Fonte : Fund Admin) - I rendimenti passati non sono indicativi di quelli futuri
## Evoluzione della performance (base 100) * dal 30/11/2012 al 30/11/2022 (Fonte : Fund Admin)
160
140
120
100
11/12
05/13
11/13
05/14
11/14
05/15
11/15
05/16
11/16
05/17
11/17
05/18
11/18
05/19
11/19
05/20
11/20
05/21
11/21
05/22
11/22
80
# Portfolio breakdown by country (Source: Amundi)
## Modified duration (Source: Amundi)	% of assets
France
Italy
Germany
Spain
United States
Other countries
0	1	2	3	4	5

### Portfolio Benchmark

### Only Government securities Includes derivatives
France
Italy
Spain
Germany
United States
Other countries
0 %	10 %	20 %	30 %	40 %	50 %  60 %

### Portfolio	Benchmark

### Only Government securities

Translation (ENIT, 2022-11-30):
# Ripartizione per Paese (Fonte : Amundi)
## Modified Duration (Fonte : Amundi)	In percentuale dell’attivo
Francia
Italia
Germania
Spagna
Stati Uniti
Altri paesi
0	1	2	3	4	5
Portafoglio  Benchmark
La ripartizione considera soltanto i titoli governativi Derivati inclusi
Francia
Italia
Spagna
Germania
Stati Uniti
Altri paesi
0 %	10 %	20 %	30 %	40 %	50 %	60 %
Lordo %	Bench %
La ripartizione considera soltanto i titoli governativi
# Portfolio breakdown by credit rating (Source: Amundi)
## Modified duration (Source: Amundi)	% of assets *
5	60 %
4
40 %
3
2
20 %
0 %
1
AAA
AA
A
BBB
Swap
Mutual Fds MM & Cash
AAA
AA
A
BBB
Swap
Mutual Fds MM & Cash
0	-20 %

### Includes derivatives

### Portfolio  Benchmark

### Portfolio Benchmark

### * The total can be different by up to 100% as deffered cash is excluded

Translation (ENIT, 2022-11-30):
# Ripartizione per Rating (Fonte : Amundi)
## Modified Duration (Fonte : Amundi)	In percentuale dell’attivo *
5	60 %
4
40 %
3
2
20 %
0 %
1
AAA
AA
A
BBB
Swap
Fondi Monetari e Liquidità
AAA
AA
A
BBB
Swap
Fondi Monetari e Liquidità
0	-20 %
Derivati inclusi
Portafoglio  Benchmark
Lordo % Bench %
* Il totale può essere diverso dal 100%, poichè la liquidità da regolare è esclusa
# Portfolio Breakdown by Country *
### % of assets
China Brazil Mexico India Colombia Turkey Ukraine Peru Chile
Other countries
0 %	10 %	20 %	30 %	40 %	50 %	60 % 70 %

Translation (ENIT, 2021-09-30):
# Ripartizione per Paese *
### In percentuale dell’attivo
Cina Brasile Messico India Colombia Turchia Ukraine Perù
Cile
Altri
0 %	10 %	20 %	30 %	40 %	50 %	60 % 70 %
|  | Portfolio | Benchmark |
| --- | --- | --- |
| Yield | 4.84% | 3.62% |
| Modified duration ¹ | 3.24 | 4.45 |
| Average rating ³ | BB | BBB- |

Translation (ENIT, 2021-09-30):
|  | Portafoglio | Benchmark |
| --- | --- | --- |
| Yield | 4,84% | 3,62% |
| Duration (in anni) ¹ | 3,24 | 4,45 |
| Rating medio ³ | BB | BBB- |
| ESG Coverage (source : Amundi) |  |
| --- | --- |
|  | Portfolio | ESG Investment Universe |
| Percentage with an Amundi ESG rating ² | 83.55% | 82.10% |
| Percentage that can have an ESG rating ³ | 93.98% | 96.55% |

Translation (ENIT, 2021-09-30):
| Copertura ESG (fonte: Amundi) |  |
| --- | --- |
|  | Portafoglio | Benchmark |
| % del portafoglio con un rating ESG² | 83,55% | 82,10% |
| % del portafoglio che può beneficiare di un rating ESG³ | 93,98% | 96,55% |
# Returns (Source: Fund Admin) - Past performance does not predict future returns
## Performance evolution (rebased to 100) from 30/11/2012 to 30/11/2022* (Source: Fund Admin)
300
250
200
150
100
11/12
05/13
11/13
05/14
11/14
05/15
11/15
05/16
11/16
05/17
11/17
05/18
11/18
05/19
11/19
05/20
11/20
05/21
11/21
05/22
11/22
50

### Portfolio (225.12)	Benchmark (228.43)
A : Simulation based on the performance (i) from May 10, 2005 to April 14, 2014 of the French Fund "AMUNDI INDEX JAPON" absorbed by the Luxemburgish Sub-Fund "INDEX EQUITY JAPAN" of the SICAV "AMUNDI FUNDS" on April 15, 2014 and (ii) from April 15, 2014 to October 30, 2016 of the Sub-Fund "INDEX EQUITY JAPAN" of the SICAV "AMUNDI FUNDS" managed by Amundi Japan and absorbed by the Sub-Fund "AMUNDI INDEX MSCI JAPAN" of the SICAV "AMUNDI INDEX SOLUTIONS" on October 31, 2016.

### B : Performance of the Sub-Fund since the date of its launch

## Cumulative returns* (Source: Fund Admin)
|  | YTD | 1 month | 3 months | 1 year | 3 years | 5 years | Since |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Since | 31/12/2021 | 31/10/2022 | 31/08/2022 | 30/11/2021 | 29/11/2019 | 30/11/2017 | 10/05/2005 |
| Portfolio | -8.25% | 5.29% | -1.12% | -7.45% | 5.46% | 16.89% | 121.79% |
| Benchmark | -8.18% | 5.28% | -1.14% | -7.40% | 5.82% | 17.63% | 129.18% |
| Spread | -0.07% | 0.01% | 0.02% | -0.05% | -0.36% | -0.74% | -7.39% |
| Calendar year performance* (Source: Fund Admin) |
|  | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
| Portfolio | 9.28% | 4.91% | 22.49% | -9.27% | 8.76% | 5.99% | 21.11% | 9.02% | 20.90% | 7.24% |
| Benchmark | 9.43% | 5.03% | 22.63% | -9.09% | 8.91% | 6.17% | 21.32% | 9.26% | 21.06% | 7.43% |
| Spread | -0.15%  - | 0.12% | -0.13% | -0.18% | -0.15% | -0.18% | -0.21% | -0.24% | -0.15% | -0.19% |

* Source : Amundi. The above cover complete periods of 12 months for each calendar year. Past performance is no predictor of current and future results and does not guarantee future yield . Any losses or gains do not take into consideration any costs, commissions and fees incurred by the investor in the issue and buyout of the shares (e.g. taxes, brokerage fees or other commissions deducted by the financial intermediary). If performance is calculated in a currency other than the euro, any losses or gains generated can thereby be affected by exchange rate fluctuations (both upward and downward). The discrepancy accounts for the performance difference between the portfolio and the index.

Translation (ENIT, 2022-11-30):
# Performance (Fonte : Fund Admin) - I rendimenti passati non sono indicativi di quelli futuri
## Evoluzione della performance (base 100) * dal 30/11/2012 al 30/11/2022 (Fonte : Fund Admin)
300
250
200
150
100
### To track the performance of MSCI Japan Index (the "Index"), and to minimize the tracking error between the net asset value of the sub-fund and the performance of the Index.
MSCI Japan Index is an equity index representative of the large and mid-cap segments of the Japan market. The Index is a Net Total Return Index : dividends net of tax paid by the index constituents are included in the Index return.
« Technical net asset values may be calculated and published for any calendar day (excluding Saturdays and Sundays) that is neither a business day nor a transaction day. These technical net asset values are merely indicative and will not be the basis for purchasing, switching, redeeming and/or transferring shares.”

Translation (ENIT, 2022-11-30):
# Informazioni chiave (Fonte : Amundi)	Obiettivo di investimento
Replicare il rendimento dell'Indice MSCI Japan (l’"Indice") e minimizzare il tracking error tra il valore patrimoniale netto del comparto e il rendimento dell'Indice. L'Indice MSCI Japan è un indice azionario rappresentativo dei segmenti a capitalizzazione medio-alta del mercato giapponese. L'Indice è un Indice a Rendimento Totale Netto: i dividendi al netto di imposta corrisposti dagli elementi costitutivi dell'indice sono inclusi nel rendimento dell'Indice.
« I valori patrimoniali netti tecnici possono essere calcolati e pubblicati in ogni giorno solare (esclusi sabati e domeniche), che non sia un giorno lavorativo né un giorno di negoziazione. I suddetti valori patrimoniali netti tecnici sono meramente indicativi e non costituiranno la base per l’acquisto, la conversione, il rimborso e/o il trasferimento di azioni.”
# Evaluation by ESG criteria (Source: Amundi)
## Index	Parent index
Overall Rating	6.906.70
Environment	7.056.69
Social	5.265.26
Governance	5.635.70
Parent index : MSCI WORLD

Translation (ENIT, 2022-09-30):
# Valutazione in base ai criteri ESG (Fonte : Amundi)
## Indice	Indice tradizionale
Rating Globale	6,90	6,70
Environment	7,05	6,69
Sociale	5,26	5,26
Governance	5,63	5,70 Indice tradizionale : MSCI WORLD
# Key Information (Source: Amundi)	Objective and Investment Policy
AMUNDI MSCI WORLD CLIMATE PARIS ALIGNED
PAB - seeks to replicate as closely as possible the performance of the MSCI World Climate Change Paris Aligned Select Index, whether the trend is rising or falling. The index is constructed to meet the EU Paris-aligned benchmark (EU PAB) label minimum requirements and aims to reduce its greenhouse gas (GHG) intensity by at least 50% when compared to the MSCI World Index.

Translation (ENIT, 2022-09-30):
# Informazioni chiave (Fonte : Amundi)	Obiettivo di investimento
AMUNDI MSCI WORLD CLIMATE PARIS ALIGNED
PAB cerca di replicare, nel modo più preciso possibile, l’andamento dell’indice MSCI World Climate Change Paris Aligned Select, sia nel caso in cui la tendenza sia al rialzo che al ribasso. L’indice è progettato per ottemperare ai requisiti minimi della certificazione UE di riferimento in linea con l’accordo di Parigi (UE PAB) e si propone di ridurre l’intensità dei gas a effetto serra di almeno il 50% rispetto all’indice MSCI World.
## ESG criteria
The criteria are extra-financial criteria used to assess the Environmental, Social and Governance practices of companies.
Environmental, Social, and Governance risks and opportunities are posed by large scale trends (e.g. climate change, resource scarcity, demographic shifts) as well as by the nature of the company’s operations.
Scores are on a 0-10 scale, with 10 being the best.
“E” for Environment (Climate Change, Natural Resources, Pollution & Waste and Environmental Opportunities)
“S” for Social (Human Capital, Product Liability, Stakeholder Opposition and Social Opportunities)
“G” for Governance (Corporate Governance and Corporate Behavior)
Source: Raw ESG datas for companies are provided by MSCI

Translation (ENIT, 2022-09-30):
## Criteri ESG
I criteri sono criteri extra-finanziari utilizzati per valutare le pratiche ambientali, sociali e di governance delle imprese.
I rischi e le opportunità ambientali, sociali e di governance sono ordinati in base alle grandi tendenze (ad esempio, i mutamenti climatici, la rarità delle risorse, i cambiamenti demografici) e alla natura delle attività dell'impresa.
I punteggi si collocano su una scala compresa tra 0 e 10 (10 è il punteggio migliore).
“E” per Environment (mutamenti climatici, risorse naturali, inquinamento e rifiuti, opportunità ambientali)
“S” per Social (risorse umane, affidabilità dei prodotti, opposizione degli stakeholder e opportunità sociali)
“G” per Governance (governance e comportamento d’impresa)
Fonte: I dati ESG grezzi delle imprese sono forniti dall’agenzia MSCI.