Continue active refreshing of this index's data?
Continue active refreshing of this index's data?
ISTOXX INDICES
iSTOXX MUTB Global Paris Aligned
Index Description
The iSTOXX MUTB 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 Japan 1800. 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 Paris Aligned | N/A | 120.8 | 0.4 | 0.2 | 6.4 | 0.0 | 5.3 | 0.0 | 20.3 |
STOXX Global 1800 | 71,902.0 | 65,628.1 | 36.4 | 12.0 | 3,126.9 | 1.2 | 4.8 | 0.0 | 2.9 |
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 Paris Aligned | 1.6 | 8.0 | 22.2 | 21.9 | 70.3 | N/A | N/A | 22.3 | 6.8 | 11.2 |
STOXX Global 1800 | 2.9 | 8.4 | 22.8 | 20.7 | 61.5 | N/A | N/A | 23.4 | 6.6 | 10.2 |
Index volatility and risk | Annualized volatility (%) | Annualized Sharpe ratio2 | ||||||||
iSTOXX MUTB Global Paris Aligned | N/A | N/A | 11.0 | 15.2 | 17.3 | N/A | N/A | 1.6 | 0.3 | 0.6 |
STOXX Global 1800 | N/A | N/A | 10.2 | 14.9 | 17.9 | N/A | N/A | 1.8 | 0.3 | 0.5 |
Index to benchmark | Correlation | Tracking error (%) | ||||||||
iSTOXX MUTB Global Paris Aligned | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 2.2 | 2.9 | 2.7 | 3.0 | 3.3 |
Index to benchmark | Beta | Annualized information ratio | ||||||||
iSTOXX MUTB Global Paris Aligned | 1.2 | 1.2 | 1.1 | 1.0 | 1.0 | -7.8 | -0.5 | -0.2 | 0.0 | 0.2 |
1For information on data calculation, please refer to STOXX calculation reference guide
2Based on EURIBOR1M
(USD, Price), all data as of March 29, 2024
ISTOXX INDICES
iSTOXX MUTB Global 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 Paris Aligned | 33.5 | 24.2 | 29.8 | 29.8 | 5.0 | 1.5 | 3.5 | 32.4 |
STOXX Global 1800 | 23.7 | 19.4 | 21.8 | 21.8 | 3.2 | 1.9 | 2.2 | 2.3 |
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.
Index | ISIN | Symbol | Bloomberg | Reuters |
---|---|---|---|---|
Net Return EUR | CH1258176275 | ISMUGLR | .ISMUGLR | |
Gross Return EUR | CH1258176119 | ISMUGLGR | .ISMUGLGR | |
Price EUR | CH1258176192 | ISMUGLP | .ISMUGLP | |
Net Return JPY | CH1258176358 | ISMUGLYN | ISMUGLYN INDEX | .ISMUGLYN |
Gross Return JPY | CH1258176226 | ISMUGLYG | ISMUGLYG INDEX | .ISMUGLYG |
Price JPY | CH1258176259 | ISMUGLYP | ISMUGLYP INDEX | .ISMUGLYP |
Net Return USD | CH1258176150 | ISMUGLV | .ISMUGLV | |
Gross Return USD | CH1258176143 | ISMUGLGV | .ISMUGLGV | |
Price USD | CH1258176366 | ISMUGLL | .ISMUGLL |
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 Paris Aligned
Top 10 Components4
Company | Supersector | Country | Weight |
---|---|---|---|
Microsoft Corp. | Technology | USA | 5.291% |
NVIDIA Corp. | Technology | USA | 4.266% |
Apple Inc. | Technology | USA | 4.235% |
Amazon.com Inc. | Retail | USA | 2.036% |
Eli Lilly & Co. | Health Care | USA | 1.592% |
ALPHABET CLASS C | Technology | USA | 1.552% |
ASML HLDG | Technology | Netherlands | 1.209% |
NOVO NORDISK B | Health Care | Denmark | 1.200% |
VISA Inc. Cl A | Industrial Goods and Services | USA | 1.168% |
MasterCard Inc. Cl A | Industrial Goods and Services | USA | 1.135% |
3Net dividend yield is calculated as net return index return minus price index return
4Based on the composition as of March 29, 2024