UBS adds 2x leveraged ESG ETNs

UBS has announced the listing of the first US-listed 2x leveraged ESG ETN.

The MSCI USA ESG Focus Gross Total Return USD Index selects constituents of the MSCI USA Index that maximizes exposure to ESG factors. UBS says the index is sector-diversified and targets companies with high ESG ratings in each sector. Companies involved in tobacco, controversial weapons, fossil fuel extraction and thermal coal power are not eligible for inclusion in the index. The parent index is a market cap weighted benchmark index that includes large and mid-cap stocks across the US equity markets.