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DAX 50 ESG Index licensed to Raiffeisen Centrobank

Release date: 27 Aug 2020 | Deutsche Börse

DAX 50 ESG Index licensed to Raiffeisen Centrobank


Zug (August 27, 2020) – Qontigo has licensed the DAX® 50 ESG Index to the Austrian Raiffeisen Centrobank as an underlying for a certificate.

The DAX 50 ESG index employs two complementary approaches to incorporate ESG principles into the selection criteria: standardized negative screens for companies that are involved in controversial or unsustainable activities; and positive screening based on ESG scores. The methodology is designed to ensure a German market ESG flagship index whose liquidity and risk-return characteristics are similar to those of the flagship DAX®.

“Sustainability is firmly established in the minds of investors, who believe in the potential of ESG-compliant companies. The DAX 50 ESG index sends a positive signal that sustainability and investment returns go hand-in-hand. Our certificates universe will become even more appealing now to investors looking for a German market ESG index,” commented Philipp Arnold, Head of Structured Products Sales at Raiffeisen Centrobank AG.

“We are delighted to license the DAX 50 ESG Index to Raiffeisen Centrobank. It will be the first time this index is used as an underlying for a certificate. The index was introduced in March as a new standard for the growing pool of investors integrating environmental, social and governance principles into their investment approach and looking for a liquid German equity benchmark,” said Stephan Flaegel, Global Head of Indices & Benchmarks at Qontigo.

The DAX 50 ESG tracks the performance of the 50 largest, most liquid German market stocks that have comparably good performance based on their Environmental, Social and Governance criteria. Further, the companies must have passed standardized ESG screens related to Global Standards Screening, as well as to their involvement in controversial weapons, tobacco production, thermal coal, nuclear power and military contracting. The base universe of the index is the HDAX universe which comprises the joint set of companies included in DAX, MDAX® and TecDAX®.

About Qontigo

Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the company’s world-class indices and best-of-breed analytics, with its technological expertise and customer-driven innovation enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of STOXX, DAX and Axioma, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.

About STOXX

STOXX Ltd. is Qontigo’s global index provider, currently calculating a global, comprehensive index family of over 10,000 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. STOXX is the administrator of the STOXX® and DAX® indices under the European Benchmark Regulation and exercises control over all benchmark administration processes within Qontigo.
STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds.

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STOXX, Qontigo GmbH, Qontigo Index GmbH, 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, Qontigo GmbH, Qontigo Index GmbH, 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, Qontigo GmbH, Qontigo Index GmbH, 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, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.

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