UBS Asset Management has launched two socially responsible investment (SRI) ETFs on the London Stock Exchange.
The company said it would allow new clients to increase their exposure to large and mid-cap stocks screened for environmental, social and governance (ESG) factors, in emerging and developed markets.
The UBS ETF MSCI ACWI Socially Responsible ETFs replicate the MSCI ACWI SRI 5% Issuer Capped Index, which includes large and medium stocks across 23 developed and 24 emerging markets countries. One is denominated in pounds sterling and the other in US dollars.
Both ETFs are physically replicated and include currency-hedged share classes to allow investors to mitigate currency risks.
Simone Rosti, head of passive and ETF sales Europe at UBS Asset Management, said: “We have witnessed significant appetite for access to socially responsible investments over the last year, and are expecting further demand throughout 2018.”
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