Summary
The objective of the DAX® ESG Target Index is to reflect the risk return characteristics of the DAX Index while maximizing its ESG score and at the same time reducing its carbon intensity by at least 30%. The predicted tracking error is constrained with respect to its parent index. The index includes ESG exclusion filters for Global Standards Screening, controversy ratings, controversial weapons, thermal coal, tobacco, nuclear power, military contracting, small arms and oil sands. DAX components identified for exclusion based on the exclusion filters are replaced by eligible HDAX components at each index review until the maximum number of 40 components is reached.
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Stocks rebound in October on hopes for Fed’s policy pivot
The STOXX Global 1800 index rose 7.1% in dollars last month, after falling to a two-year low. While most economists rightly forecast the Federal Reserve’s fourth consecutive hike of 75 basis points on Nov. 2, speculation grew during October that the central bank could indicate it would slow the pace of monetary tightening.
Stocks extend rout in September as central banks tighten monetary policy further
The STOXX Global 1800 index dropped 9.3% in dollars last month, taking its retreat in 2022 to 25.5%. The Federal Reserve, European Central Bank and Bank of England increased the cost of borrowing in the month, with the first two hiking by a larger-than-average 75 basis points.
Scout24 to join DAX ESG Target index as Hellofresh exits; Siemens Energy enters DAX ESG Screened
Changes were announced as part of the September regular review of the DAX 50 ESG, DAX ESG Target, DAX ESG Screened and DAX indices.
Stocks resume pullback in August on outlook for higher interest rates
The STOXX Global 1800 index dropped 4.1% in dollars last month, taking its retreat in 2022 to 17.9%. Investors are bracing for even tighter monetary policy as central banks fight higher-for-longer inflation.
Three different DAX benchmarks to build distinct German ESG portfolios
Investors can access three different German benchmarks that follow an ESG strategy designed to meet specific needs and responsible objectives, and that have the same rules and transparency characteristics as the blue-chip DAX index.
Stocks jump by most since 2020 in July on interest-rate outlook, earnings beats
The STOXX Global 1800 index gained 7.9% in dollars last month, its best monthly showing since November 2020. The index is still down 14.4% in 2022.
STOXX Global 1800 index slides into bear market in June on recession fears
The global benchmark plunged 8.7% in dollars last month, wrapping up its worst month and quarter since the COVID-19 pandemic hit in the first quarter of 2020. The index is down 21% so far in 2022.
GEA Group to join DAX ESG Target as Delivery Hero exits
Changes were announced as part of the June regular review for the DAX 50 ESG, DAX ESG Target and DAX indices.
Stocks achieve narrow gain in May despite lingering interest rate concerns
The STOXX Global 1800 index rose 0.1% in dollars last month, paring an earlier decline of as much as 5.6%. Value and high-dividend stocks rise, but most other strategies struggle as investors contend with the prospect of higher interest rates.
Stocks tumble most since 2020 in April amid interest-rate concerns
The STOXX Global 1800 index fell 8.2% in dollars last month, taking its retreat in 2022 to 13.2%. US technology shares slumped 12.9% in month, the worst showing since November 2008.
