Alternative Investments/ESG: A New UBS ETF Gives Exposure To Dividend-Paying Swiss Companies With High ESG Scores

The stocks in the UBS ETF are drawn from a universe of large, mid, and small-cap stocks listed in Switzerland.

UBS Asset Management has launched a new ETF on the SIX Swiss Exchange, providing investors with ESG-enhanced exposure to dividend-paying Swiss stocks.

The ETF from UBS, called MSCI Switzerland IMI Dividend ESG ETF (CHDIV SW), is linked to the MSCI Switzerland IMI High Dividend Yield ESG Low Carbon Select Index, which first removes companies involved in severe ESG-related controversies and controversial business activities. (ETF Strategy)

The remaining stocks are then assigned ESG scores and screened for dividend-paying firms, with lower-quality dividend payers and potential dividend traps excluded.

The index’s constituents are then weighted using an optimization process that seeks to increase the index’s dividend yield by 30%, while also boosting the overall ESG score by 10% and reducing carbon emissions and exposure to fossil fuel reserves by 30% each.

The ETF comes with an expense ratio of 0.20%.

Its top holdings as on April 17 included Novartis (SWX: NOVN), Swiss RE (SWX: SREN), Nestle (SWX: NESN), Roche (SWX: ROG), and Zurich Insurance (SWX: ZURN).

Related Story: UBS Launches New “Climate Aware” ETF

Image by Julius Silver from Pixabay

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