UBS Global Asset Management has listed the UBS ETF MSCI UK IMI Socially Responsible UCITS exchange traded fund (ETF) on the London Stock Exchange.
This is the sixth in a series of socially responsible ETFs that tracks the MSCI Global Socially Responsible (SRI) Indices covering both emerging and developed markets.
The listing of the new ETF follows on closely from the September listing of the UBS ETF MSCI Emerging Markets Socially Responsible UCITS ETF. The TER of the ETF is 0.28 per cent.
The ETF will track the MSCI UK IMI Extended SRI Index which targets companies with high Environmental, Social and Governance (ESG) ratings relative to their sector peers and excludes companies inconsistent with certain values-based criteria. The index is made up of large, mid and small cap segments of the UK market.
Andrew Walsh, head of UBS ETF sales UK & Ireland, says: “With this UK market-focused SRI listing, we continue in our commitment to offering ETFs which enable investors to access those companies which meet rigorous environmental, social and corporate governance standards in an easy to access structure.”