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First STOXX ESG benchmarks to be used for leveraged products

Release date: 13 May 2019 | STOXX

First STOXX ESG benchmarks to be used for leveraged products



Zug (May 13, 2019) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed three STOXX European ESG benchmark indices to Goldman Sachs for the launch of listed products in Germany, Austria, The Netherlands, Belgium and Sweden.

In February, Eurex, one of the globally leading derivatives exchanges, launched ESG derivatives on these STOXX European benchmarks covering ESG-X, Low Carbon and Climate Impact. The liquid ESG benchmarks are now serving as underlyings for leveraged products for the first time.

“The launch of the first leveraged products linked to these STOXX European ESG benchmark indices allows Goldman Sachs to remain at the forefront of responsible investments offered in a simple, easy accessible and cost-effective way to a wide range of customers,” said Steffen Biallas, Goldman Sachs Head of Public Distribution EMEA for securitized derivatives.

“After opening a new chapter in responsible investing with the listing of futures on three ESG benchmark indices, we are now reaching another milestone by entering into the leveraged products space. The massive growth of ESG investing has created demand for sophisticated or diversified index concepts that reflect sustainability factors. The launch of the first leveraged products on our ESG benchmark indices also underscores STOXX’s strong position and innovative spirit in the structured products markets,” said Inderpal Gujral, STOXX Head of Product.

The ESG (Environmental, Social, Governance) and sustainability warrants are based on three STOXX indices: the EURO STOXX® 50 Low Carbon Index, the STOXX® Europe Climate Impact Ex Global Compact, Controversial Weapons & Tobacco Index and the STOXX® Europe 600 ESG-X Index. These three indices are part of the comprehensive ESG, Low Carbon and Sustainability offering of STOXX Ltd.


About STOXX Ltd.

STOXX Ltd. is a 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.

To provide market participants with optimal transparency, STOXX indices are classified into four 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. Under the Omnient brand, STOXX offers custom indices from its existing index universe.

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. 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 calculates, disseminates and markets the DAX indices. www.stoxx.com


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