New UBS ETFs on Xetra: first ETF on S&P 500 with focus on sustainable US companies
New UBS ETFs on Xetra: first ETF on S&P 500 with focus on sustainable US companies
Since Wednesday, two new Exchange Traded Funds of UBS Global Asset Management have been tradable via 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 percent of the market capitalisation of the S&P 500 Index and includes U.S. 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 minimize 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.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS (Irl) ETF plc – S&P 500 ESG UCITS ETF (hedged to EUR) A-acc | Equity ETF | IE00BHXMHQ65 | 0.22 per cent | Accumulating | S&P 500 Index ESG EUR hedged (Net Return) |
UBS (Irl) ETF plc – S&P 500 ESG UCITS ETF (USD) A-dis | Equity ETF | IE00BHXMHK04 | 0.12 per cent | Distributing | S&P 500 ESG Index |
The product range in Deutsche Börse's XTF segment currently comprises 1,413 ETFs. With this selection and an average monthly trading volume of around EUR 13 billion, Xetra is the leading trading platform for ETFs in Europe.