UBS Asset Management has launched three sustainable equity and fixed income exchange-traded funds (ETFs).
The Euro Stoxx 50 ESG Ucits ETF aims to deliver similar performance characteristics to the standard EURO STOXX 50 exposure, but with an ESG approach added to it. Five of the lowest ESG-scored companies in the index are excluded and replaced by better-scoring sector peers from the wider EURO STOXX universe.
The MSCI China ESG Universal Ucits ETF aims to replicate the MSCI China ESG Universal Index, which has a weighting towards companies with a robust and improving ESG profile.
The JP Morgan USD EM IG ESG Diversified Bond Ucits ETF, meanwhile, aims to provide a diversified source of investment grade emerging market yield for bond investors.
Michael Baldinger, head of sustainable and impact investing, UBS Asset Management said: “UBS’s goal is to be the world’s leading sustainable financial provider, and we aim to reach that by developing innovative products and solutions to meet the evolving needs of our clients.”
The three new ETFs are available in US dollars as well as currency-hedged share classes in Swiss francs, euros and sterling. Listings will take place across key European exchanges including the London Stock Exchange, Deutsche Börse Xetra, Borsa Italiana and SIX Swiss Exchange.
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