UBS IQ MSCI USA Ethical ETF (ASX:UBU)

Product Name

UBS IQ MSCI USA Ethical ETF (ASX:UBU)

Issuer

UBS Asset Management

Category

Investment product

Type

Exchange Traded Fund

Target

Retail, Wholesale

Certified Since

2016

Certification Symbol

Responsible Investment

Asset Classes

Equities - International markets

Markets

Australia

Investment Approaches

Negative Screening, Other

It Includes

  • Default selected inclusion No specific inclusions

It Excludes

  • Riaa icons 35 Tobacco
  • Riaa icons 36 Armaments

Overview

UBU provides a diversified core exposure to the US equity market and aims to replicate the performance of the MSCI USA ex Tobacco ex Controversial Weapons Index, before fees and expenses by physically holding the shares within the underlying Index.


Description


The UBS IQ MSCI suite of ethical exchange traded funds, which aim to replicate the performance of MSCI indices, screen out (negatively) companies with significant business activities involving tobacco and those engaged in the production of cluster bombs, landmines, chemical and biological weapons and depleted uranium weapons.

This exclusion is the sole difference between the Index for the Fund and its parent index. We publish the number of companies that are screened out of the parent index to make this fund.

Constituent selection is based on data from MSCI research.

Involvement criteria for controversial weapons:

  • Producers of the weapons
  • Producers of key components of the weapons
  • Ownership of 20% or more of a weapons or components producer
  • Ffinancial companies having a 50% or more ownership in a company that manufactures controversial weapons or key components of controversial weapons
  • Owned 50% or more by a company involved in weapons or components production.

Other products certified by this organisation

UBS IQ MSCI World ex Australia Ethical ETF (ASX:UBW)

Find out more

UBS IQ MSCI Japan Ethical ETF (ASX:UBJ)

Find out more

UBS IQ MSCI Australia Ethical ETF (ASX:UBA)

Find out more
};