UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis
MDBG.L
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- UBS Sustainable Development Bank Bonds UCITS ETF hGBP dis (MDBG.L) is an exchange-traded fund that seeks to track the performance of the Solactive Global Multilateral Development Bank Bond USD 25% Issuer Capped (GBP Hedged) index before fees and expenses. The ETF provides exposure to a portfolio of investment-grade bonds issued by multilateral development banks (MDBs) worldwide, including supranational entities financing sustainable development projects aligned with the United Nations Sustainable Development Goals (SDGs), such as economic growth, environmental protection, and social initiatives; it employs a physical sampling replication method with approximately 102 holdings, featuring AAA-rated bonds across all maturities from issuers like the World Bank, Asian Development Bank, and African Development Bank, with a 25% cap per issuer for diversification; distributions occur semi-annually with a total expense ratio of 0.18% p.a.. Launched on 30 April 2020 and domiciled in Luxembourg as a UCITS-compliant SICAV structure under UBS ETF (Luxembourg), the fund is managed by UBS Asset Management, a subsidiary of UBS Group AG headquartered in Zurich, Switzerland, with global operations across Europe, Asia, and the Americas serving institutional and retail investors seeking sustainable fixed income strategies. In recent developments, UBS Asset Management expanded its sustainable ETF lineup in 2023 with launches including a green bond ETF tracking the Bloomberg MSCI Global Green Bond index and the ESG Elite Dividend Aristocrats suite, alongside introducing a core ETF range in Europe in 2025 and two Indian equity UCITS ETFs to enhance thematic and regional offerings; the firm also deepened strategic ties through technology integrations and partnerships like its ongoing collaboration with iCapital for alternative investments distribution.