A new exchange-traded fund issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Thursday.
The UBS (Irl) ETF plc – MSCI ACWI Socially Responsible UCITS ETF invests in global companies with the best record on environmental, social and governance issues and avoids those with negative social or environmental impacts. Due to the best-in-class approach, at least 20 per cent of the worst-performing companies in the MSCI All Country World Index are excluded.
In addition, companies that do business in nuclear power, tobacco, alcohol, gambling, weapons, genetically modified organisms, and adult entertainment are excluded.
| Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
| UBS (Irl) ETF plc – MSCI ACWI Socially Responsible UCITS ETF | Equity ETF | IE00BDR55471 | 0.28 per cent | accumulating | MSCI ACWI SRI Low Carbon Select 5% Issuer Capped Index |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,795 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.