UBS AM debuts global credit ESG ETF

Exclusionary ESG screen

UBS Asset Management has expanded its ETF range with a global corporate bond ETF, which will utilise an ESG screen to integrate sustainability into credit markets.

The UBS ETF Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS ETF will be available to investors for a total expense ratio of 0.2%. UBS AM launches onshore China bond ETF Tracking the Bloomberg Barclays Global Aggregate Corporates index, the ETF will span more than 320 corporate issuers, but will screen out those which "do not score adequately" on a sustainability rating criteria. Andrew Walsh, head of UBS passive and ETF specialist sales for the UK and Ireland, UBS AM, said: "We have seen how ESG ETFs outperformed their ‘standard' peers during the volatility cause...