Qontigo has announced changes to the composition of the DAX® ESG Target and DAX® 50 ESG indices, and to the benchmark DAX®, as part of the March regular review. The actions listed below will be effective as of March 21 this year.
DAX 50 ESG
- Additions: K+S AG, Aurubis AG
- Deletions: United Internet AG, Bechtle AG
DAX ESG Target
- Addition: Daimler Truck Holding AG
- Deletion: Kion Group AG
- Additions: Daimler Truck Holding AG, Hannover Rueck SE
- Deletions: Beiersdorf AG, Siemens Energy AG
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The DAX 50 ESG and DAX ESG Target indices combine the two most popular responsible-investing approaches: negative screening and best-in-class ESG integration. The DAX 50 ESG was conceived as a broad-market ESG benchmark with a larger composition than that of the flagship DAX. The DAX ESG Target aims to reflect the DAX and follows an optimized weighing methodology whose objective is to improve the portfolio’s ESG score and decrease its carbon footprint relative to the benchmark, while limiting the tracking error.
The DAX 50 ESG serves as underlying for respective ETFs managed by Lyxor Asset Management and Credit Suisse Asset Management, for structured products, and for futures and options listed on Eurex. The DAX ESG Target underlies since May 2021 an ETF managed by BlackRock.
Qontigo is a leading global provider of innovative index, analytics and risk solutions that optimize investment impact. As the shift toward sustainable investing accelerates, Qontigo enables its clients—financial-products issuers, asset owners and asset managers—to deliver sophisticated and targeted solutions at scale to meet the increasingly demanding and unique sustainability goals of investors worldwide.
Qontigo’s solutions are enhanced by both our collaborative, customer-centric culture, which allows us to create tailored solutions for our clients, and our open architecture and modern technology that efficiently integrate with our clients’ processes.
Part of the Deutsche Börse Group, Qontigo was created in 2019 through the combination of Axioma, DAX and STOXX. Headquartered in Eschborn, Germany, Qontigo’s global presence includes offices in New York, London, Zug and Hong Kong.