UBS Global Asset Management (UBS GAM) has launched a new sustainable investments ETF on Xetra and Börse Frankfurt.With the UBS ETF (IE) S&P 500 ESG UCITS ETF (USD) A-acc, investors can invest in currently 310 companies from the S&P 500 Index, taking into account sustainability criteria. The sectors are represented in the same way as the composition of the S&P 500 Index. Companies are excluded if they are active in the tobacco industry, trade in or produce controversial weapons, have a low rating according to the UN Global Compact guidelines or are among the 25 per cent of the worst rated companies within their own industry according to the S&P Dow Jones Index ESG scores.
Any dividends received are reinvested. The annual costs amount to 0.12 percent.