UBS Global Asset Management has listed three additional exchange-traded funds on the London Stock Exchange.
Two of the ETFs are based on the MSCI Socially Responsible indices and they offer investors the opportunity to invest in sustainably managed companies, both globally and regionally.
The ETF on the MSCI Brazil allows the investors to participate in the economic development of Brazil, one of the fastest growing BRIC countries.
UBS is the first asset manager to offer ETFs on MSCI indices for sustainable investments in Europe. The listed ETFs, the UBS-ETF MSCI World Socially Responsible and UBS-ETF MSCI North America Socially Responsible, broaden UBS’s range of ethical offerings. They sit alongside the already listed UBS-ETF MCSI Europe & Middle East Socially Responsible and UBS-ETF MSCI Pacific Socially Responsible.
The UBS-ETF MSCI Brazil tracks the MSCI Brazil index and provides investors with the opportunity to invest in leading large and medium-sized companies from Brazil. The underlying index covers 78 large and mid-cap companies traded on the Brazilian stock market and covers around 84 per cent of the market capitalization in free float.
Clemens Reuter, head of UBS ETFs, says: “The Socially Responsible ETFs enable investors to integrate their values and principles into their core portfolios. The modular product range covers the world’s major equity regions and is designed to be flexible and easy to implement. Socially Responsible ETFs may be suitable for investors who wish to invest in a broadly diversified portfolio of sustainably managed companies which has a passive management style and aims to achieve returns similar to those of an index. With the UBS-ETF MSCI Brazil, interested investors can profit from the growth in Brazil. The ETF provides a diversified investment solution that easily and flexibly covers the leading companies of Brazil.”
The ETFs are denominated in US dollars. There are two share classes available: the “A” share class is geared toward private clients, while the “I” share class addresses the needs of institutional investors and high net worth individuals. Trading of the A share classes will be in GBP and the I share classes are tradeable in USD on the London Stock Exchange.
For the Socially Responsible ETFs the selected market makers are Commerzbank and UBS; for the UBS-ETF MSCI Brazil it is Commerzbank.
In June 2012, UBS Global Asset Management listed a product line of 66 ETF share classes on the LSE, replicating 40 indices in equity, fixed income and alternatives. With today’s listing UBS offers 72 share classes, replicating 43 indices.