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ISTOXX INDICES

iSTOXX MUTB Global ex-Japan Paris Aligned

Index Description

The iSTOXX MUTB ex-Japan Paris Aligned Index is designed to help investors shift towards a low-carbon economy. This index is based on liquid securities selected from its parent index, STOXX Global 1800 ex-Japan. Companies identified as non-compliant according to their Global Standards Screening (GSS) assessment or that are involved in Very Severe ESG Controversies or Controversial Weapons or Tobacco Production, are not eligible for selection. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities, or from fossil fuel-based power generation are not considered for selection. Furthermore, companies that ISS ESG assesses to have Significant Obstruction in the UN SDGs 12,13,14 and 15 are excluded from the selection universe. The weighing process follows an optimization model that minimizes its exposure to a risk score consisting of four sustainable terms subject to constraints.

Key facts

  • Created to help investors shift towards a low carbon economy by aligning with a 2C scenario.
  • The indices aim to reduce their greenhouse gases emission intensity by at least 50%, when compared to their underlying benchmarks, or to provide 7% year on year decarbonization choosing the lowest of those two targets.
  • The aggregate sector exposure to low-carbon transition, high climate impact sectors, is not overweight relative its parent index.

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX MUTB Global ex-Japan Paris Aligned N/A 119.2 0.4 0.2 6.7 0.0 5.6 0.0 27.1
STOXX Global 1800 ex Japan 64,295.0 58,940.9 42.4 14.8 3,074.3 0.9 5.2 0.0 3.0

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX MUTB Global ex-Japan Paris Aligned 4.7 6.7 28.7 31.7 87.1 N/A N/A 28.5 9.6 13.3
STOXX Global 1800 ex Japan 4.4 5.4 24.5 28.5 75.4 N/A N/A 24.8 8.8 12.0
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX MUTB Global ex-Japan Paris Aligned N/A N/A 12.0 16.2 18.6 N/A N/A 1.8 0.5 0.6
STOXX Global 1800 ex Japan N/A N/A 11.5 15.9 19.2 N/A N/A 1.6 0.4 0.6
Index to benchmark Correlation Tracking error (%)
iSTOXX MUTB Global ex-Japan Paris Aligned 1.0 1.0 1.0 1.0 1.0 3.1 3.1 2.7 3.2 3.4
Index to benchmark Beta Annualized information ratio
iSTOXX MUTB Global ex-Japan Paris Aligned 1.2 1.2 1.0 1.0 1.0 1.3 2.4 1.2 0.2 0.3

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Net Return), all data as of February 29, 2024

ISTOXX INDICES

iSTOXX MUTB Global ex-Japan Paris Aligned

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
iSTOXX MUTB Global ex-Japan Paris Aligned 33.6 23.9 29.9 29.9 5.2 1.7 3.6 29.8
STOXX Global 1800 ex Japan 23.8 19.0 21.7 21.7 3.5 2.0 2.3 28.9

Performance and annual returns

Methodology

The MUTB Paris Aligned Index Family is designed to help investors shift towards a low-carbon economy. Each index is based on a selection of liquid securities from its parent index.

Companies identified as non-compliant according to their Global Standards Screening (GSS) assessment or that are involved in Very Severe ESG Controversies or Controversial Weapons or Tobacco Production, are not eligible for selection. Securities that generate revenues above a certain threshold from coal, oil and gas exploration or processing activities, or from fossil fuel-based power generation are not considered for selection.

Furthermore, companies that ISS ESG assesses to have Significant Obstruction in the UN SDGs 12,13,14 and 15 are excluded from the selection universe.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH1258176234 ISMUGJP .ISMUGJP
Gross Return EUR CH1258176325 ISMUGJGR .ISMUGJGR
Net Return EUR CH1258176200 ISMUGJR .ISMUGJR
Price JPY CH1258176168 ISMUGJYP ISMUGJYP INDEX .ISMUGJYP
Gross Return JPY CH1258176291 ISMUGJYG ISMUGJYG INDEX .ISMUGJYG
Net Return JPY CH1258176309 ISMUGJYN ISMUGJYN INDEX .ISMUGJYN
Price USD CH1258176267 ISMUGJL .ISMUGJL
Gross Return USD CH1258176127 ISMUGJGV .ISMUGJGV
Net Return USD CH1258176135 ISMUGJV .ISMUGJV

Quick Facts

Weighting Price weighted
Cap Factor Variable
No. of components Variable
Review frequency Semi-Annual
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 100 as of November. 19, 2018
History Available from Nov. 19, 2018
Inception date March. 31, 2023
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

ISTOXX INDICES

iSTOXX MUTB Global ex-Japan Paris Aligned

Top 10 Components4

Company Supersector Country Weight
Microsoft Corp. Technology USA 5.636%
Apple Inc. Technology USA 4.853%
NVIDIA Corp. Technology USA 4.029%
Amazon.com Inc. Retail USA 2.227%
Eli Lilly & Co. Health Care USA 1.643%
TESLA Automobiles and Parts USA 1.311%
VISA Inc. Cl A Industrial Goods and Services USA 1.255%
ASML HLDG Technology Netherlands 1.245%
NOVO NORDISK B Health Care Denmark 1.204%
ADVANCED MICRO DEVICES Technology USA 1.196%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of February 29, 2024