Product wrap: French manager physically replicates Paris-aligned index, adds ESG label

EUROPE Federal Finance Gestion launched Fee Destination 2028 in France. The five-year fund offers access to the S&P France 40 Paris-Aligned Transition ESG 5% Decrement Index and is managed via a physical replication of the index by investing at least 90% of its assets in equities of the index. If, on the annual observation date, the index closes at or above its initial level, a memory coupon of four percent is registered for that year. At maturity, if the index performance is positive, the