The newly launched product invests in countries that are reducing their carbon emissions.
The product tracks an index comprising global companies with low carbon intensity.
Carbon pricing can be a powerful tool to align emission reduction with business activity, UBS GWM said in a research report.
The framework can measure a company’s efforts to look for lower carbon emission substitutes.
A significant rise in greenhouse gas emissions is being driven by the rebound in global economic activity, said MSCI.