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Screenshot of a breaking news alert e-mail from Q2 2017
STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX Global Diversity Impact Select 30 Index and the iSTOXX Europe Diversity Impact Select 30 Index were licensed to Goldman Sachs as an underlying for the issuance of structured products.
We are convinced that diverse teams are the best positioned to serve clients – they help foster an environment where employees feel engaged and empowered, celebrate differences of opinions and encourage “out of box” thinking. Investing with social impact is high on the agenda with many of our clients, not only because they believe it is the right thing to do, but also based on extensive research confirming the correlation between the level of diversity within a company and its financial performance. Goldman Sachs is therefore pleased to have teamed up with STOXX for the launch of the iSTOXX Diversity Impact Select index family, enabling our clients to gain exposure to diverse companies in a systematic way,” said Pooja Mishra Prahlad, Managing Director, Head of EMEA Equity and Fund Derivatives Structuring with Goldman Sachs.
We are delighted to work closely together with Goldman Sachs, as we have been for many years now. The iSTOXX Diversity Impact Select indices for a global and a European universe address attractive themes: diversity in the workplace and discrimination policies. The indices combine these themes with a balanced approach between volatility and dividend screenings,” added Matteo Andreetto, chief executive officer, STOXX Limited.
The iSTOXX® Diversity Impact Select 30 indices focus on a pool of leading companies in terms of workforce diversity and discrimination policies and select 30 stocks with low volatility, high dividend yield and high liquidity from among these. The components are weighted according to the inverse of their volatility with a cap at 10 per cent. The index is reviewed quarterly.