UBS Adds an ETF Focusing on Patriotic Employers

UBS Investment Bank added its second socially responsible ETF under its InsightShares line to target companies that support U.S. veterans.

UBS recently launched the InsightShares Patriotic Employers ETF (NYSEArca: HONR), which has a 0.65% expense ratio.

The new Patriotic Employers ETF tries to reflect the performance of the Military Veterans Index, which is comprised of large- and mid-capitalization U.S. stocks of companies with policies and practices determined to be Military Friendly, according to a prospectus sheet.

Military Friendly refers to a standard created by Victory Media to measure a company’s commitment, effort, and success in creating sustainable and meaningful employment opportunities for military vets. The screen is based on the company’s practices with respect to providing career opportunities to military employees; culture and commitment towards military employees; hiring and onboarding military employees; military employee policies and compliance with policies; military employee support and retention; and identifying and recruiting military employees.