UBS Asset Management has launched a UBS ETF Barclays MSCI Euro Area Liquid Corporates Sustainable exchange-traded fund (ETF) that will provide access to Eurozone corporate bonds which have been screened for sustainability.
The new fund, which is listed on London Stock Exchange, intends to track the Barclays MSCI Euro Area Liquid Corporates Sustainable Index.
The ETF will invest in bonds of the underlying index and provide exposure to investment grade securities dominated in euros and issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.
The fund will exclude the securities issued by companies whose business activities are inconsistent with socially responsible investing criteria, including alcohol, tobacco, gambling, civilian firearms and military weapons.
UBS ETFs UK and Ireland head Andrew Walsh said: “UBS ETFs recently passed $1bn in SRI assets under management and is able to offer investors the possibility to build a sustainable worldwide portfolio in an efficient way.
“A recent study by UBS into SRI investing has shown that there is no negative effect on risk and return compared to portfolios that were not screened for sustainability criteria.”