UBS unveils sustainable ETFs

UBS Asset Management has launched two ETFs to the London market with a focus on sustainability and socially responsible investing.

UBS unveils sustainable ETFs

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Tracking the performance of an index consisting of 49 companies with solid ESG ratings within their respective industries, the UBS ETF (IE) MSCI ACWI Socially Responsible ETF launched on the London Stock Exchange on Thursday.

The expansion of its ETF range looks set to increase UBS’s share of the European passive market which currently stands at around 36%.

Simone Rosti, head of passive and ETF sales in Europe at UBS, said: “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.”

The index, the MSCI ACWI SRI 5% Issuer Capped Index, tracks the performance of companies from both developed and emerging markets.

The two UBS ETFs physically replicate the index and include currency-hedged share classes.

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