Press Releases — October 20, 2020

First STOXX Europe 600 Low Carbon Index licensed to More Mutual Funds Management Ltd in Israel

ZUG (Oct. 20, 2020) – Qontigo has licensed the first STOXX Europe 600 Low Carbon Index to the Israel based More Mutual Funds Management to underlie an ETF, launched today on the Tel Aviv Stock Exchange. The index closely tracks the risk-return profile of the underlying benchmark, the STOXX Europe 600 Index, while offering a reduction in carbon emissions in the overall portfolio of constituents.

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Eli Levy, CEO of More Investment House commented: “We see a clear trend of support by many governments for environmental and green projects, ones that contribute to sustainability, through fiscal aid growth and regulatory changes. Following the COVID epidemic, this trend has intensified, with governments seeing these investments as a way to create an incentive to stop the climate crisis. One of the ways to benefit from the transition to a low-carbon and climate-neutral economy are Low Carbon Indices. We as investors have the power and responsibility to lead change in companies that are unwilling to contribute to halting the climate crisis”.

We are very pleased that More Mutual Funds Management has selected the STOXX Europe 600 Low Carbon index. This is our first Low Carbon product in the region, underscoring that Qontigo is a trusted partner for sustainability investment. This index is part of a comprehensive family of Low Carbon Indices, which are building blocks for sustainable investing and part of Qontigo’s complete Sustainable Investment Ecosystem,” said Rodolphe Bocquet, Global Head of Sustainable Investment at Qontigo.

The STOXX Europe 600 Low Carbon Index utilizes both estimated and reported carbon intensity scores. It reduces carbon exposure by overweighting lower carbon emitters and underweighting higher carbon emitters.  STOXX uses CDP and ISS ESG as reliable and professional data sources for the estimated and reported data.

Further information about the Qontigo Sustainable Investment Ecosystem can be found here.