UBS Asset Management (UBS AM) has introduced a green bond exchange-traded fund (ETF) that tracks the newly developed Bloomberg MSCI Global Green Bond 1-10 Year Sustainability Select index while incorporating additional sustainability considerations. The Bloomberg MSCI Global Green Bond 1-10 Year Sustainability Select index already excludes controversial weapons and thermal coal. However, the newly developed index also incorporates broader exclusions that involve conventional weapons, civilian firearms, tobacco, alcohol, oil sands, and Arctic oil. Moreover, the index screens out issuers with an MSCI ESG rating below BBB or an MSCI ESG Controversy score of 0. Additionally, it applies a 3% issuer cap to enhance diversification and filters out bonds with maturities exceeding ten years.