UBS has rolled out an exchange-traded fund that provides exposure to eurozone corporate bonds with strong SRI credentials.

UBS Asset Management has listed a new exchange-traded fund on the London Stock Exchange offering access to eurozone corporate bonds that have been screened for sustainability.

The UBS ETF Barclays MSCI Euro Area Liquid Corporates Sustainable ETF aims to track the price and yield performance of the Barclays MSCI Euro Area Liquid Corporates Sustainable Index.

It invests in bonds of the underlying index and provides exposure to investment-grade euro-denominated securities in the financial, industrial and utility sectors. Corporate issuers must have an MSCI ESG rating of at least BBB.

“UBS ETFs recently passed $1 billion in SRI assets under management and is able to offer investors the possibility to build a sustainable worldwide portfolio in an efficient way,” said Andrew Walsh, head of UBS ETFs for the UK and Ireland. “A recent study by UBS into SRI investing has shown that there is no negative effect on risk and return compared to portfolios that were not screened for sustainability criteria.”