UBS Asset Management has launched the first ETF to integrate sustainability screening into the S&P 500 Index.
UBS AM joined forces with S&P Dow Jones Indices and RobecoSAM to create ETF that is built upon the S&P 500 ESG Index.
The Ucits ETF will enable investors to get similar exposure to the S&P 500 equity index but with an integrated environmental, social and governance (ESG) screening which divests from companies that score poorly on ESG criteria, or are producers of tobacco or controversial weapons.
The UBS ETF S&P 500 ESG Ucits ETF is available in USD as well as currency hedged share classes (CHF, EUR and GBP). Listings will take place across key European exchanges including the London Stock Exchange, Xetra, Borsa Italiana and SIX Swiss Exchange.