UBS AM launches currency-hedged ESG ETFs

TER of 0.48%

UBS Asset Management has listed two socially responsible global ETFs on the London Stock Exchange.

Two versions of the UBS ETF (IE) MSCI ACWI Socially Responsible ETF have been listed, one which is hedged to sterling and the other hedged to the US dollar.  The ETFs, which have a total expense ratio (TER) of 0.48%, will track the MSCI ACWI SRI 5% Issuer Capped index consisting of large- and mid-cap stocks across 23 developed and 24 emerging market countries. Market cap weighted, the index provides access to stocks with strong environmental, social and governance (ESG) scores in their respective sectors. What has been driving the boom in passive ESG product launches? Simone Ros...