UBS AM socially responsible ETF surpasses €1bn

Jonathan Boyd
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UBS Asset Management has reported its UBS ETF (LU) MSCI World Socially Responsible Ucits ETF reached reported assets of €1.23bn as of the end of July - a first for a European exchange traded fund focused on ESG. The strategy physically tracks the MSCI World Socially Responsible 5% issuer capped TRN index, which includes companies that represent the top quartile on ESG criteria, according to the index's methodology. It gives access to shares of companiues in 23 countries, with a 5% cap on any one issuer. Andrew Walsh, head of Passive & ETF Specialist Sales for UK & Ireland, UBS Asset M...

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.