New Listing

Credit Suisse AM unveils US tech ESG ETF

CYSU tracks the MSCI USA Tech 125 ESG Universal index

Tom Eckett

a man wearing glasses and a suit

Credit Suisse Asset Management (CSAM) has expanded its range with the launch of a US tech ESG ETF.

The CSIF MSCI USA Tech 125 ESG Universal Blue UCITS ETF (CYSU) is listed on Deutsche Boerse, SIX Swiss Exchange and Borsa Italiana with a total expense ratio (TER) of 0.18%.

CYSU tracks the MSCI USA Tech 125 ESG Universal index which offers exposure to companies from across four specific themes: internet applications, future of mobility, industrial applications and health innovation.

Starting with the MSCI USA index as its universe, companies with high exposure to these four themes are only eligible for selection and the largest 125 stocks are weighted by market cap.

The ETF excludes companies involved in controversial business activities and a greater weighting is given to companies with high ESG scores.

Its top five holdings are currently Microsoft, Apple, Nvidia, Amazon and Tesla.

Valerio Schmitz-Esser (pictured), head index solutions at CSAM, commented: “For investors interested in technology, the ESG lens is in our view highly relevant for assessing risk and return.

“We are committed to continuing to provide our clients with further sustainable alternatives, which help them build strong long-term portfolios.”

Nick Mihic, head of EMEA wealth and regional head of Germany, Austria and Switzerland at MSCI, added: “The index seeks to identify companies associated with technological breakthrough and innovation in a sector-agnostic manner while maintaining a strong ESG profile.”

The Swiss asset manager’s previous ETF launch came in May 2021 when it unveiled a DAX ESG ETF, the CSIF DAX 50 ESG Blue UCITS ETF (DXESG).

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