Blog Posts — September 7, 2022

Scout24 to join DAX ESG Target index as Hellofresh Exits; Siemens Energy enters DAX ESG Screened

Qontigo has announced the results of the September regular review to the composition of the DAX® ESG TargetDAX® 50 ESGDAX® ESG Screened and MDAX® ESG Screened indices, as well as of the benchmark DAX®. The actions listed below will be effective as of Sept. 19 this year.

DAX 50 ESG

No changes

DAX ESG Target

Addition:Deletion:
Scout24 SEHellofresh SE

DAX ESG Screened

Addition:Deletion:
Siemens Energy AGHellofresh SE

MDAX ESG Screened

Additions:Deletions:
Stabilus SECancom SE
Hellofresh SESiemens Energy AG
Adtran Holdings Inc.Grand City Properties SA
HELLA GmbH & Co. KgaA 

DAX

Addition:Deletion:
Siemens Energy AGHellofresh SE

The DAX 50 ESG combines negative screening and best-in-class ESG integration, and was developed as a broad-market ESG benchmark with a larger composition than that of the flagship DAX. The DAX ESG Target aims to reflect the DAX and follows an optimized weighting methodology whose objective is to improve the portfolio’s ESG score and decrease its carbon footprint relative to the benchmark, while limiting the tracking error.  

The objective of the DAX ESG Screened index is to reflect the performance of the DAX after removing companies that fail ISS-ESG screenings for global norms, controversial weapons, product involvement, and a minimum ESG rating. The MDAX indices track mid-cap companies. 

For an overview of the DAX ESG indices, visit a recent blog post

The DAX 50 ESG serves as underlying for respective ETFs managed by Lyxor Asset Management and Credit Suisse Asset Management, for structured products, and for futures and options listed on Eurex. The DAX ESG Target underlies an ETF managed by BlackRock. The DAX ESG Screened is replicated by a fund from DWS.

The next regular review of the DAX ESG indices will take place on Dec. 6.