UBS AM launches 'strict' ESG ETF for S&P 500

Represents around 25% index market cap

James Baxter-Derrington
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The ESG Elite index offers a 40% reduction in carbon footprint compared to the S&P 500
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The ESG Elite index offers a 40% reduction in carbon footprint compared to the S&P 500

UBS Asset Management has launched an ETF offering investors access to the S&P 500 filtered through a “strict” ESG criteria.

The UBS ETF S&P 500 ESG Elite UCITS ETF tracks the S&P 500 ESG Elite index, which is comprised of companies with best-in-class ESG scores, around 25% of the index's market capitalisation. Fund managers...

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