Along with the social aspect, the underlying index also screens for companies that have positive operating income over the prior twelve months.
Top holdings include Apple 5.1%, Alphabet 3.8%, Microsoft 3.8%, Amazon.com 3.4% and Facebook 2.5%.
“InsightShares creates an incredible opportunity for investors to align their portfolios with their philanthropic values,” Richard Cea, Executive Director of Exchange Traded Products at UBS, said in a note. “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.”
For more information on new fund products, visit our new ETFs category.