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UBS launches ETF investing in bonds of international development banks (Investment Europe)

UBS launches ETF investing in bonds of international development banks (Investment Europe)

UBS Asset Management has launched the UBS ETF – Sustainable Development Bank Bonds Ucits ETF, in response to strong continued growth in assets managed according to SRI principles in markets such as Germany, Austria and Switzerland – which the manager says has risen to €2.7trn from €875bn in the 2014-17 period.

The ETF replicates the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped index.

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