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iSTOXX Diversity Impact Select Indices licensed to Goldman Sachs

Release date: 05 Feb 2018 | STOXX

iSTOXX Diversity Impact Select Indices licensed to Goldman Sachs

 

Zurich, Frankfurt (Feb. 5, 2018) - STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX Global Diversity Impact Select 30 Index and the iSTOXX Europe Diversity Impact Select 30 Index were licensed to Goldman Sachs as an underlying for the issuance of structured products.

“We are convinced that diverse teams are the best positioned to serve clients – they help foster an environment where employees feel engaged and empowered, celebrate differences of opinions and encourage “out of box” thinking. Investing with social impact is high on the agenda with many of our clients, not only because they believe it is the right thing to do, but also based on extensive research confirming the correlation between the level of diversity within a company and its financial performance. Goldman Sachs is therefore pleased to have teamed up with STOXX for the launch of the iSTOXX Diversity Impact Select index family, enabling our clients to gain exposure to diverse companies in a systematic way,” said Pooja Mishra Prahlad, Managing Director, Head of EMEA Equity and Fund Derivatives Structuring with Goldman Sachs.

“We are delighted to work closely together with Goldman Sachs, as we have been for many years now. The iSTOXX Diversity Impact Select indices for a global and a European universe address attractive themes: diversity in the workplace and discrimination policies. The indices combine these themes with a balanced approach between volatility and dividend screenings,” said Matteo Andreetto, chief executive officer, STOXX Limited.

The iSTOXX® Diversity Impact Select 30 indices focus on a pool of leading companies in terms of workforce diversity and discrimination policies and select 30 stocks with low volatility, high dividend yield and high liquidity from among these. The components are weighted according to the inverse of their volatility with a cap at 10 per cent. The index is reviewed quarterly.

Further information about the indices: https://www.stoxx.com/index-details?symbol=SXEDISGR.

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About STOXX Limited

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into three categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name.

STOXX indices are licensed to more than 500 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also markets the DAX indices.

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

 

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