Home etfexpress.com UBS launches new ETFs with focus on sustainable US companies

UBS launches new ETFs with focus on sustainable US companies

UBS Global Asset Management has launched two new ETFs with a focus on sustainable companies on Xetra and Börse Frankfurt.The new equity ETFs allow investors to invest in the performance of companies from the S&P 500 Index that meet strict sustainability criteria for the first time. The S&P 500 ESG Index tracks 75 per cent of the market capitalisation of the S&P 500 Index and includes US equity companies that have a particularly high rating compared to their competitors in the areas of environmental protection, social responsibility and corporate governance. The index is weighted by market capitalisation.
 
Investors can choose between a distributing and an accumulating share class. The accumulating share class uses a hedging strategy to minimise the exchange rate risk between the base currency (US dollar) of the index components and the euro and is tradable in euros. The distributing share class is tradable in US dollars.
 

newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.