A Japanese socially responsible equity index has performed slightly better than its broader market counterpart over five years – and now there is an exchange-traded fund (ETF) to track it.
UBS Global Asset Management has listed the UBS ETF MSCI Japan Socially Responsible Ucits ETF in London and says investors are increasingly looking at companies whose business activities are “in harmony with social values”.
The physically replicated ETF is part of the fund firm’s wider socially responsible investment offering, which tracks MSCI indices in developed and emerging markets.
A comparison of the MSCI Japan Socially Responsible Index with its parent index, the MSCI Japan, shows very similar performance over five years, though with the former performing “slightly better” despite having fewer equities in its universe, the management firm says.
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