UBS Asset Management has expanded its environmental, social and governance (ESG) ETF range with the launch of a global sovereign bond product.

The UBS ETF JP Morgan Global Government ESG Liquid Bond UCITS ETF (ESGGB) is listed on the SIX Swiss Exchange, Borsa Italiana (EGO) and Xetra with a total expense ratio (TER) of 0.15%.

Tracking the performance of the JP Morgan Global Government ESG Liquid Bond index, the ETF offers exposure to local currency government bonds globally that meet sustainable criteria.

Launching ETFs with an ESG tilt has been a key focus for UBS this year, which has traditionally been the dominant player in the ESG space in Europe, along with BlackRock.

As part of this push, UBS has teamed-up with S&P Dow Jones Indices and STOXX to launch ESG versions of their respective flagship indices.

In April, the firm launched the UBS ETF S&P 500 ESG UCITS ETF (5ESG) while in August the Swiss asset manager unveiled the UBS ETF EURO STOXX 50 ESG UCITS ETF (E50ESG), both products are first of their kinds.