UBS Asset Management has launched a new exchange-traded fund (ETF) with exposure to companies with strong records on environmental, social and governance (ESG) issues in both developed and emerging markets. The ETF is available in US dollar and sterling versions and is based on physical replication of the underlying assets.
The ETF replicates the MSCI ACWI SRI 5% Issuer Capped Index which includes large- and mid-cap stocks in 23 developed and 24 emerging market countries. UBS AM head of passive and ETF sales in Europe, Simone Rosti, commented: “We have witnessed significant appetite for access to SRI investments over the last year, and are expecting further demand throughout 2018. With these listings, new ETF clients can increase their exposure to ESG-screened large- and mid-cap stocks across both developed and emerging markets. Clients can also benefit from our currency hedging product, which has enjoyed significant net in-flows in the year to date.”