UBS has launched an exchange traded fund that tracks companies supporting the employment of US veterans, its second addition in just over a week to a new suite of socially conscious funds.

The InsightShares Patriotic Employers ETF tracks the Military Veterans Index, which was created by the Swiss bank and is calculated by indexing specialist Solactive. A portion of its revenues will be donated to veterans charities through the UBS Optimus Foundation, according to a statement.