STOXX ESG Target TE Indices aim to provide a low tracking error to the benchmark index while ensuring an improved ESG score. The weighting of each constituent security is determined through an optimization process that is designed to ensure diversification and uses Axioma's Risk Model and Optimizer to construct the indices. Companies that are non-compliant based on the Sustainalytics’ Global Standards Screening assessment or are involved in controversial weapons are not eligible for selection. Additional exclusion filters are applied, screening companies for involvement in tobacco production and distribution, thermal coal extraction and power generation, small arms manufacturing, military contracting, unconventional oil and gas exploration and production, high ESG risk, and ESG controversies.
Index Guides, Benchmark statement, and other reports are available under the Data tab.
Top 10 Components
|Toyota Motor Corp.||Automobiles and Parts||JP|
|Mitsubishi UFJ Financial Group||Banks||JP|
|SONY GROUP CORP.||Consumer Products and Services||JP|
|Mitsubishi Corp.||Industrial Goods and Services||JP|
|Keyence Corp.||Industrial Goods and Services||JP|
|Sumitomo Mitsui Financial Grou||Banks||JP|
|Nippon Telegraph & Telephone C||Telecommunications||JP|
|Hitachi Ltd.||Industrial Goods and Services||JP|
|Mizuho Financial Group Inc.||Banks||JP|
|Shin-Etsu Chemical Co. Ltd.||Chemicals||JP|