UBS has bolstered its ETF offering with the launch of a gender equality-focused fund, the company has announced.
The Swiss group said the UBS (Irl) ETF plc – Global Gender Equality Ucits ETF is part of its growing suite of impact investment opportunities for its clients.
The ETF will invest in the Solactive Equileap Global Gender Equality 100 Leaders index. The index tracks 100 leading global companies with a strong record in gender diversity and sustainability.
A collaboration between UBS Asset Management and UBS Wealth Management, the ETF is also part of the firm's commitment to sustainable and impact investing.
UBS will dedicate 5% of the ETF's management fees to philanthropic projects supporting the UN’s Sustainable Development Goal 5 via the UBS Optimus Foundation.
Commenting on the launch, UBS AM’s head of sustainable and impact investing, Michael Baldinger said: 'The launch of this new ETF provides investors with a unique opportunity to benefit from systematically investing in the leading global companies on gender diversity, based on Equileap's pioneering research into corporate gender diversity, while at the same time having the potential to achieve strong returns.'