UBS Asset Management has launched the UBS ETF – MSCI Switzerland IMI Dividend ESG ETF (CHDIV SW) on SIX Swiss Exchange. The ETF provides ESG-enhanced exposure to dividend-paying companies listed in Switzerland by tracking the MSCI Switzerland IMI High Dividend Yield ESG Low Carbon Select Index. The index removes companies embroiled in severe ESG-related controversies and business activities linked to controversial weapons, civilian firearms, tobacco, fossil fuel extraction, and thermal coal power. It then screens for dividend-paying firms and weights them using an optimization process that increases the index’s dividend yield by 30% relative to the initial universe while boosting the overall ESG score by 10%.
ETF Newz Says:
The ETF comes with an expense ratio of 0.20%.