UBS launches carbon-neutral gold ETF for climate-conscious investors UBS ETF gold
- Gold is the new green metal, at least according to UBS, which launched a new gold-backed ETF that has a carbon-neutral investment footprint.
"The 'Carbon Compensated Gold' is a high potential building block aligning to the Net Zero Asset Managers initiative," the Swiss Bank said in a statement. Some analysts note that UBS's green gold ETF has a slight premium. The investment's firm regular gold-backed ETF has a total expense ratio of 0.23%.
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