UBS Asset Management (AM) has expanded its sustainable ETF offering on London Stock Exchange (LSE) with two new ETF listings.
The UBS ETF (IE) MSCI ACWI socially responsible ETF replicates the MSCI ACWI SRI 5% issuer capped index which includes large and mid-cap stocks across 23 developed and 24 emerging markets countries. The index is market capitalisation-weighted and is designed to provide exposure to companies with outstanding environmental, social and governance (ESG) ratings in their respective industry peer groups. Both ETFs are physically replicated and include currency-hedged share classes allowing investors to mitigate currency risks.
Simone Rosti, head passive & ETF sales Europe at UBS Asset Management, said: “With these new ETFs, 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.”
UBS ETFs is one of the provider of sustainable ETFs in Europe with more than CHF2.4bn invested in its sustainable equity and fixed income offering and a 36% market share.