New UBS ETF on Xetra: ESG companies worldwide with low CO2 emissions
New UBS ETF on Xetra: ESG companies worldwide with low CO2 emissions
A new exchange traded fund issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Tuesday.
The UBS (Irl) ETF plc - MSCI World Socially Responsible UCITS ETF (USD) A-acc gives investors access to a global selection of stocks from 23 industry sectors. Based on the MSCI World Index, companies with a high ESG rating are selected. However, companies with significant business activities in the areas of nuclear energy, tobacco, coal from power plants, alcohol, gambling, weapons and genetically modified organisms are excluded. In addition, the companies are measured on the basis of their carbon footprint, whereby a reduction of 50 per cent compared to the MSCI World Index is targeted. The weighting of a stock is limited to a maximum of five per cent.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS (Irl) ETF plc - MSCI World Socially Responsible UCITS ETF (USD) A-acc | Equity ETF | IE00BK72HJ67 | 0.22 per cent | Accumulating | MSCI World SRI Low Carbon Select 5% Issuer Capped Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,635 ETFs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs in Europe.