UBS launches climate-neutral ETF on Xetra
UBS Global Asset Management has launched a new 'climate-neutral' ETF on Xetra and Börse Frankfurt.
With the UBS ETF (IE) UBS Climate Aware Global Developed Equity CTB UCITS ETF (USD) A-acc, investors participate in the performance of large and medium-sized companies from industrialised nations worldwide that are driving the move towards a low-carbon economy. Focus is placed on reducing greenhouse gases and limiting global warming to a maximum of 1.5C.
Factors such as increased CO2 emissions and the extraction and production of energy from fossil fuels have a negative influence on the assessment of the companies. In contrast, a commitment to renewable energies is rated positively. Companies with significant business activities in the areas of power plant coal, oil sands, tobacco and weapons are excluded from the index.