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UBS Asset Management launches the first UCITS ETF to apply Climate Transition Benchmark (CTB) criteria to the SP 500 index universe
- The new exchange traded fund tracks the SP 500 Climate Transition Base ESG Index, which meets the requirements of the EU Climate Transition Benchmark (CTB) and qualifies as Art 9(3) under SFDR.
- The underlying index portfolio follows a decarbonization pathway with a 30% initial carbon intensity reduction and subsequently a 7% year-on-year self-decarbonization, which can support investors to meet their decarbonization objectives.
- The ETF also applies selected norms-based and business activity exclusions, and provides for a higher portfolio ESG score compared to the parent index
UBS Asset Management ...
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