UBS launches sustainable eurozone corporate bonds ETF on Xetra

UBS Global Asset Management has launched a new ETF focused on sustainable eurozone corporate bonds on Xetra and Börse Frankfurt.

With the UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-acc, investors participate in the performance of euro-denominated, fixed-rate corporate bonds from the eurozone with an improved ESG profile compared to their peers. The index currently only includes debt securities from the financial institutions, industrials, and utilities sectors. Bonds with an investment grade rating and a minimum residual term of one year and a minimum outstanding volume of EUR500 million are considered. The debt instruments of an issuer are limited to five per cent.

Companies with significant business activities in the areas of alcohol, tobacco, gambling, adult entertainment, nuclear energy, weapons, and genetically modified organisms are excluded from the index.