UBS announces launch of InsightShares LGBT Employment Equality ETF

By Sarah Lizee

Olympia, Wash., Jan. 11 – UBS Investment Bank announced the launch of the InsightShares LGBT Employment Equality ETF in a press release on Thursday.

The fund is the first in what is planned to be a series of exchange-traded funds issued under the InsightShares brand.

The cause-focused ETF, created and offered by Exchange Traded Concepts, LLC, offers the opportunity to invest in a socially conscious strategy and provides exposure to the UBS LGBT Employment Equality Index.

The index is constructed by UBS AG and is designed to track the price movements of U.S. companies that provide LGBT equality through their company and employment policies as measured by their score in the Human Rights Campaign Foundation’s Corporate Equality Index.

For inclusion in the index, companies must meet minimum thresholds for liquidity and profitability, as well as have attained a rating of 85-plus on the Corporate Equality Index.

“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 the release.

“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.”

UBS, with headquarters in New York, is the investment banking arm of Zurich-based UBS AG.

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