|
UBS Asset Management (UBS AM) today launched a suite of exchange traded funds (ETFs) that exceed the minimum standards of the EU Paris-aligned benchmarks. The UBS MSCI Climate Paris Aligned UCITS ETFs aim to support equity investors in reducing their climate risks. The global and regional exposures also seek to benefit from opportunities arising from the shift to a lower-carbon economy while aligning with the Paris Agreement requirements. The ETFs track the MSCI Climate Paris Aligned Indexes, which create portfolios of companies that meet a set of criteria around climate change risks and opportunities. The index methodology excludes companies involved in controversial weapons, tobacco and thermal coal. Companies deriving revenue from oil and gas-related activities are also excluded...
|