Monthly Index News

STOXX
By June 4, 2021 14:57

Monthly Index News

The recently launched DAX® ESG Target Index offers an ESG alternative to Germany’s flagship DAX® that aims to improve the portfolio’s sustainability profile relative to the benchmark through negative screening and ESG scoring integration, and reduce its carbon intensity by at least 30%. Stock weighting is optimized to maximize the index’s ESG score while limiting its tracking error to the benchmark. In backtested data since 2012, the DAX ESG Target has produced a higher ESG score than the DAX and has cut the portfolio’s carbon emissions by more than its objective. Interestingly, the portfolio has also outperformed the benchmark. Since May 20 this year, the index underlies (in its price version) an exchange-traded fund managed by BlackRock’s iShares. Find out more about the DAX ESG Target’s methodology and performance in the latest Qontigo whitepaper.

STOXX
By June 4, 2021 14:57

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