UBS launches new US sustainable investing ETFs on Xetra
UBS Global Asset Management has launched two new sustainable investing ETFs on Xetra and Börse Frankfurt.
The UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD) invests in large and medium-sized US companies that meet ESG sustainability criteria. Companies with significant business activities in nuclear energy, tobacco, alcohol, gambling, weapons and genetically modified organisms are excluded from the index. In addition, the weighting of a share is limited to a maximum of five per cent.
With the UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (USD), investors can choose between two share classes that differ in the allocation of income. In the case of the A-dis share class, the dividend is paid out and in the case of the A-acc share class, it is reinvested.