New UBS ETF on Xetra: access to sustainable US companies with currency hedging
New UBS ETF on Xetra: access to sustainable US companies with currency hedging
A new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and Börse Frankfurt since Thursday.
With the UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-acc, investors can participate in sustainable large and mid-cap companies from the USA.
According to the best-in-class approach, companies with the best ESG profiles are identified and selected for each sector. In addition, stocks with a lower carbon footprint are overweighted.
On the other hand, stocks with significant business activities in the areas of nuclear energy, tobacco, alcohol, gambling, weapons, genetically modified organisms, thermal coal, nuclear energy, or oil & gas are excluded from the index. The same applies in the event of non-compliance with the principles of the United Nations Global Compact or involvement in serious ESG-related controversies.
The weighting of a stock is limited to a maximum of 5 per cent. Any dividend payments are reinvested in this share class. In addition, currency risks against the euro are minimised.
Name | Asset class | ISIN | On-going charges | Distribution policy | Reference index |
UBS ETF (IE) MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-acc | Equity ETF | IE00BJXT3G33 | 0.25 per cent | accumulating | MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to EUR Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,745 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.