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ISTOXX INDICES

iSTOXX Global Economic Growth Select 50

Index Description

The iSTOXX® Global Economic Growth Select 50 Index aims at investing in liquid, low volatility and high dividend stocks from the STOXX® Global 1800 Index. The component selection process first excludes all companies which are in contravention of UN Global Compact Principles or are involved in controversial weapons activities, as identified by Sustainalytics. As a next step, all stocks whose 3-month average daily traded volume (ADTV) is below USD 3 million are excluded, followed by the exclusion of the stocks with the highest 3- or 12-month historical volatilities. Among the remaining stocks, the 50 stocks with the highest 12-month historical dividend yields are selected to be included in the index. The constituents are weighted according to a normalized gross domestic product (GDP) score whereby companies with the highest exposure to countries with the highest estimated economic growth (according to the IMF) receive the largest weight. There is a country-level and individual-level cap.

Key facts

  • Liquid universe
  • Excludes companies which are in contravention of UN Global Compact Principles or are involved in controversial weapons activities
  • Balanced approach between volatility and dividend screenings
  • Innovative weighting scheme favoring companies with high exposure to countries with high estimated economic growth

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 Global Economic Growth Select 50 N/A 1.1 0.0 0.0 0.1 0.0 5.1 0.5 185.7
STOXX Global 1800 71,896.9 65,624.3 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 Global Economic Growth Select 50 2.0 -0.9 3.3 8.3 11.8 N/A N/A 3.4 2.7 2.3
STOXX Global 1800 3.2 9.0 25.4 28.2 79.2 N/A N/A 26.0 8.7 12.5
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Global Economic Growth Select 50 N/A N/A 8.4 10.6 15.0 N/A N/A 0.0 0.1 0.1
STOXX Global 1800 N/A N/A 10.2 14.9 17.9 N/A N/A 2.0 0.5 0.6
Index to benchmark Correlation Tracking error (%)
iSTOXX Global Economic Growth Select 50 0.3 0.4 0.7 0.7 0.8 8.7 9.0 7.9 11.3 11.8
Index to benchmark Beta Annualized information ratio
iSTOXX Global Economic Growth Select 50 0.2 0.3 0.5 0.5 0.6 -1.8 -4.4 -2.6 -0.6 -0.9

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

2Based on EURIBOR1M

(USD, Gross Return), all data as of March 29, 2024

ISTOXX INDICES

iSTOXX Global Economic Growth Select 50

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 Global Economic Growth Select 50 14.9 12.8 14.1 14.1 1.6 5.7 1.2 15.1
STOXX Global 1800 23.7 19.4 21.8 21.8 3.2 2.6 2.2 2.3

Performance and annual returns

Methodology

The index universe is defined by all stocks from the STOXX Global 1800 Index. Stocks considered for selection must have a 3-month ADTV exceeding USD 3 million. They must not have been suspended from trading for more than 10% of the total trading days. Companies in contravention of UN Global Compact Principles or involved in controversial weapons, as identified by Sustainalytics, are excluded.
All eligible stocks are sorted in ascending order in terms of volatility and those that do not belong to the top x% are excluded from the selection process (x being calculated as the square root of 50 divided by the number of eligible stocks).
All selected stocks are then ranked in descending order in terms of 12-month historical dividend yield and the highest ranked 50 stocks are selected for the final index, and weighted according to their normalized GDP score. There is a country-level and individual-level cap.
The detailed methodology including the calculation formula can be found in our rulebook: http://www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0387312942 SXGEGSGR SXGEGSGR INDEX .SXGEGSGR
Price EUR CH0387312918 SXGEGSP SXGEGSP INDEX .SXGEGSP
Net Return EUR CH0387312967 SXGEGSR SXGEGSR INDEX .SXGEGSR
Price USD CH0387312934 SXGEGSL SXGEGSL INDEX .SXGEGSL
Net Return USD CH0387312959 SXGEGSV .SXGEGSV
Gross Return USD CH0387312926 SXGEGSGV .SXGEGSGV

Quick Facts

Weighting Normalized GDP score
Cap Factor 0.05
No. of components 50
Review frequency Quarterly
Calculation/distribution dayend
Calculation hours 22:00:00 22:00:00
Base value/base date 100 as of Apr. 02, 2007
History Available since Apr. 02, 2007
Inception date Nov. 17, 2017
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://qontigo.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

ISTOXX INDICES

iSTOXX Global Economic Growth Select 50

Top 10 Components4

Company Supersector Country Weight
Japan Tobacco Inc. Food, Beverage and Tobacco Japan 5.067%
Philip Morris International In Food, Beverage and Tobacco USA 4.649%
PCCW Telecommunications Hong Kong 4.438%
IMPERIAL BRANDS Food, Beverage and Tobacco UK 3.844%
Oversea-Chinese Banking Corp. Banks Singapore 3.032%
United Overseas Bank Ltd. Banks Singapore 2.979%
Jardine Matheson Holdings Ltd. Industrial Goods and Services Singapore 2.858%
ALLREAL HLDG Real Estate Switzerland 2.758%
AMCOR Industrial Goods and Services USA 2.734%
Naturgy Energy Group Utilities Spain 2.712%

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

4Based on the composition as of March 29, 2024

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.