UBS and BlackRock have launched a new ETF focused on multilateral development bank (MDB) debt.
The ETF will be included in some UBS Global Wealth Management (GWM) mandates and offered on wealth management platforms as an alternative to traditional high-quality fixed income investments such as government bonds.
The firms said in a press release that MDB debt offers strong – often AAA – credit ratings, high liquidity, and a higher yield than US Treasuries. The funds raised by MDB debt are also focused on advancing the UN SDGs.
