UBS Investment Bank today announced the launch of the InsightShares LGBT Employment Equality ETF, the first in the series of exchange traded funds (“ETFs”) issued under the “InsightShares” brand. This cause-focused ETF offers the opportunity to invest in a socially conscious strategy. Created and offered by Exchange Traded Concepts, this ETF offers exposure to the UBS LGBT Employment Equality Index.
“InsightShares creates an incredible opportunity for investors to align their portfolios with their philanthropic values,” said Richard Cea, Executive Director of Exchange Traded Products at UBS. “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.”
InsightShares LGBT Employment Equality ETF (Ticker: PRID)
Created and offered by Exchange Traded Concepts, PRID is designed to track the performance of the UBS LGBT Employment Equality Index (Ticker: UBSLGBTT). The UBS LGBT Employment Equality Index is provided 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 UBS LGBT Employment Equality Index, the companies must meet minimum thresholds for liquidity and profitability, as well as have attained a rating of 85-plus on the Corporate Equality Index®.
For more information, please visit www.insightshares.com.