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ISTOXX INDICES

iSTOXX Global Cities of Tomorrow Select 30

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Index Description

The iSTOXX Global Cities of Tomorrow Select 30 Index tracks the performance of 30 liquid stocks with low volatility and high dividend yield. The components are selected from a pool of companies that are addressing the needs of the cities and citizens of the future. These companies provide a diverse set of solutions, for which demand is constantly increasing as it is driven by growing urban population, limited natural resources and increasing focus on environmental sustainability. Moreover, eligible companies are screened by ESG scores to result in a selection of leaders with regards to environmental, social and governance criteria. Industry, region and country neutrality filters are applied in the selection process to ensure diversification. Companies that are in contravention of the Global Standards Screening or are involved in Controversial Weapons activities, as identified by Sustainalytics, are excluded. Additionally, companies involved in Weapons (Small Arms and Military Contracting), Gambling, Adult Entertainment, Unconventional Oil & Gas (Arctic Oil and Gas Exploration, Oil Sands and Shale Energy), Conventional Oil & Gas, Thermal Coal, Nuclear Power, Tobacco, Aerospace and Defense are also excluded. Revere (RBICS) data allow a detailed breakdown of the revenue sources of the eligible companies, helping this index to select companies with substantial exposure to the 'sustainable smart city' megatrend.

Key facts

  • Selection of 30 liquid stocks with low volatility and high dividend yield
  • Index allows targeted investment in the 'sustainable smart city' megatrend.
  • Detailed Revere data help select companies with a revenue exposure above 25% to sectors related to sustainable smart cities.
  • Liquidity filter ensures replicability.
  • Companies are Global Standards Screening-compliant and are not involved in Controversial Weapons.
  • Product involvement filters are applied.
  • Companies with the lowest ESG scores are filtered out.

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 Cities of Tomorrow Select 30 N/A 1.1 0.0 0.0 0.0 0.0 4.2 2.5 166.7
STOXX Global Select 100 USD N/A 1.1 0.0 0.0 0.0 0.0 1.5 0.8 129.1

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 Cities of Tomorrow Select 30 -0.4 -0.4 7.9 8.9 21.3 N/A N/A 8.0 2.9 4.0
STOXX Global Select 100 USD -1.7 -1.7 -0.5 8.7 8.0 N/A N/A -0.5 2.8 1.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Global Cities of Tomorrow Select 30 N/A N/A 11.6 12.6 15.6 N/A N/A 0.4 0.1 0.2
STOXX Global Select 100 USD N/A N/A 8.7 10.0 14.1 N/A N/A -0.5 0.1 0.1
Index to benchmark Correlation Tracking error (%)
iSTOXX Global Cities of Tomorrow Select 30 0.9 0.9 0.8 0.8 0.9 5.1 5.1 7.1 7.6 8.2
Index to benchmark Beta Annualized information ratio
iSTOXX Global Cities of Tomorrow Select 30 1.2 1.2 1.0 1.0 0.9 3.1 3.1 1.2 0.0 0.3

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

2Based on EURIBOR1M

(USD, Net Return), all data as of January 31, 2024

ISTOXX INDICES

iSTOXX Global Cities of Tomorrow Select 30

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 Cities of Tomorrow Select 30 11.7 11.9 9.7 11.5 1.2 4.2 1.2 2.5
STOXX Global Select 100 USD 15.1 13.1 14.5 13.1 1.4 4.1 1.1 20.9

Performance and annual returns

Methodology

The parent index is the STOXX Developed and Emerging Markets Total Market Index. First, stocks that rank in the top half of the universe in terms of ESG scores are selected. From those, companies with revenue exposure above 25% to the sectors associated with the sustainable smart cities megatrend are selected. Additional filters are applied to ensure companies engaged in controversial activities, or non-compliant with the Global Standards Screening, are excluded. The eligible companies are ranked based on their volatility; the top 50% of companies with the lowest volatility proceed to the next step. All remaining companies are ranked based on their dividend yield; the 30 companies with the highest yields are selected such that country, region and industry diversification constraints are met.

The index is weighted by the inverse of the selected stocks' volatility; component weight is capped at 10%. The index composition is reviewed quarterly.

The detailed methodology including the calculation formula and the list of sectors can be found in our rulebooks: www.stoxx.com/rulebooks

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH0483174311 IXGCTSGR IXGCTSGR INDEX .IXGCTSGR
Price EUR CH0483174337 IXGCTSP IXGCTSP INDEX .IXGCTSP
Net Return USD CH0483174329 IXGCTSV .IXGCTSV
Gross Return USD CH0483174345 IXGCTSGV .IXGCTSGV
Price USD CH0483174352 IXGCTSL .IXGCTSL
Net Return EUR CH0483174360 IXGCTSR IXGCTSR INDEX .IXGCTSR

Quick Facts

Weighting Inverse Volatility weighted
Cap Factor 0.1
No. of components 30
Review frequency Quarterly
Calculation/distribution dayend
Calculation hours 22:15:00 22:15:00
Base value/base date 100 as of Jun. 18, 2012
History Available from Jun. 18, 2012
Inception date Jun. 27, 2019
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
CSR Ltd. Construction and Materials Australia 4.186%
MEDTRONIC PLC Health Care USA 4.089%
Corning Inc. Technology USA 4.071%
CREDIT AGRICOLE Banks France 4.016%
Equity Residential Real Estate USA 3.748%
TELEFONICA Telecommunications Spain 3.743%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 3.687%
TELENOR Telecommunications Norway 3.629%
LIXIL CORP Construction and Materials Japan 3.612%
UDR Real Estate USA 3.510%

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

4Based on the composition as of January 31, 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.

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.