ETP News: UBS adds to sustainable and impact range
UBS has launched the Global Gender Equality Ucits ETF as part of its suite of impact and sustainable investment products with philanthropy component launched in September 2017. The ETF will invest in the Solactive Equileap Global Gender Equality 100 Leaders index. The companies were selected based on 19 diversity criteria, including equal compensation and work-life balance, transparency and accountability, gender balance, and sustainability policies. The index includes the 30 highest rated US stocks, yet caps single issuers at 3% of the ETF's assets. The ETF is a collaboration between UBS asset and wealth management and will dedicate 5% of management fees received to philanthropic projects supporting the United Nation's Sustainable Development Goal 5 via the UBS Optimus Foundation. The ETF also contributes to Equileap, a social enterprise committed to accelerating progress towards gender equality in the workplace, using the power of investments, knowledge and donations.
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