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Fund Flash: UBS launches LGBT equality ETF; Deutsche and Amundi passive launches

Fund Flash: UBS launches LGBT equality ETF; Deutsche and Amundi passive launches

Citywire Americas rounds-up some of the biggest news in the funds and Ucits investment universe as reported by Citywire’s global publications.

UBS launches LGBT employment equality ETF

UBS Investment Bank launched the InsightShares LGBT Employment Equality ETF, the first in the series of exchange-traded funds (ETF) that aims to offer investors the opportunity to invest in a socially conscious strategies.

Issued under UBS's InsightShares brand and created and offered by Exchange Traded Concepts, the ETF offers exposure to the UBS LGBT Employment Equality Index.

The index is designed to track the price movements of US companies that provide LGBT (lesbian, gay, bisexual, and transgender) equality through their company and employment policies as measured by their score in the Human Rights Campaign Foundation's Corporate Equality Index.

Companies must also hold minimum thresholds for liquidity and profitability.

Richard Cea, executive director of Exchange Traded Products at UBS, said: 'InsightShares creates an incredible opportunity for investors to align their portfolios with their philanthropic values.

'We're thrilled to support socially conscious strategies, and look forward to increasing our impact by donating a portion of the revenues generated by this ETF to charities through the UBS Optimus Foundation.'

This launch follows UBS Asset Management's launch of a gender quality Ucits ETF earlier this week. 

Deutsche adds to high yield ETF range

Deutsche Asset Management added three ETFs to its high yield suite: Xtrackers Short Duration High Yield Corporate Bond ETF, Xtrackers High Beta High Yield Bond ETF and Xtrackers Low Beta High Yield Bond ETF.

The trio will complement the firm’s first high yield ETF, the Xtrackers USD High Yield Corporate Bond ETF, which has raised more than $500 million since its launch just over one year ago. 

The firm said the range of high yield ETFs uses rules-based strategies to provide exposure to different levels of credit and interest rate risk, which allow investors to manage credit and duration exposure for a more customized solution. 

Amundi unveils new smart beta range

Amundi bolstered its smart beta and factor investing range with the launch of three funds with a new dynamic multi-factor allocation process.

The Amundi Funds Dynamic Multi Factors Euro Equity, Amundi Funds Dynamic Multi Factors Europe Equity and Amundi Funds Dynamic Multi Factors Global Equity were initially launched in October 2017 and will sit within its Luxembourg international flagship Amundi Funds SICAV range.

The funds will sit within Amundi’s smart beta and factor investing dedicated platform, which is supported and managed by Thierry Roncalli, head of quantitative research at Amundi, and his teams.

The funds seeks long-term capital growth by applying the multi-factor allocation process on eurozone, Europe, and the global equity universe.

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