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UBS Promotes LGBT Rights With ETF for Pro-Equality Companies

relates to UBS Promotes LGBT Rights With ETF for Pro-Equality Companies

Photographer: Pau BarrenaPAU/AFP via Getty Images

UBS Group AG is starting an exchange-traded fund that will invest in companies that promote equality for lesbian, gay, bisexual and transgender employees in the workplace.

The InsightShares LGBT Employment Equality ETF, UBS’s first ETF in the U.S., will start trading today under the ticker PRID, said Rich Cea, executive director of exchange traded products at UBS.