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Index Description

The iSTOXX Univest Emerging World Index is designed to achieve sustainable carbon reduction in terms of greenhouse gas emissions and intensities over time, while tracking the STOXX Emerging Markets Index. The weighting of each constituent security is determined through an optimization process that is designed to minimize tracking error to the benchmark while improving the ESG and Carbon exposures. The iSTOXX Univest Emerging World Index tilts away from companies that are laggards in corporate governance, and other social criteria. In addition, the Index aims to reduce its greenhouse gas emissions and intensity at least by half by December 2024 (versus the baseline values of STOXX Emerging Markets Index in December 2019) and aims to track the STOXX Emerging Markets Index with a tracking error close to 0.50%.

Key facts

  • The iSTOXX Univest Emerging World Index is designed to achieve sustainable carbon reduction in terms of greenhouse gas emissions and intensities over time, while tracking the STOXX Emerging Markets Index.
  • The iSTOXX Univest Emerging World Index also tilts away from companies that are laggards in Corporate Governance, Human Capital, and Human Rights. In addition, the Index aims to reduce its greenhouse gas emissions and intensity at least by half by December 2024 (versus the baseline values of STOXX Emerging Markets Index in December 2019).
  • Use of the Axioma World-wide medium horizon fundamental factor risk model and optimization to control for unintended systematic and ESG exposures.
  • Ensures diversification using country and industry controls, and tradability by managing turnover and using liquidity constraints in the optimization.

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 Univest Emerging World N/A 103.0 0.1 0.0 8.1 0.0 7.9 N/A 17.5
STOXX Emerging Markets 23,786.0 8,229.3 3.8 0.9 769.5 0.0 9.4 0.0 6.5

Supersector weighting (top 10)

Created with Highcharts 9.3.3Chart title28.1% Technology16.4% Banks6.6% Industrial Goods and Services5.4% Retail5.3% Telecommunications5.2% Energy3.8% Financial Services3.6% Automobiles and Parts3.6% Basic Resources3.3% InsuranceHighcharts.com

Country weighting

Created with Highcharts 9.3.3Chart title29.8% China19.3% Taiwan18.7% India9.8% South Korea3.7% Brazil3.4% Saudi Arabia2.4% South Africa2.3% United Arab Emirates1.7% Mexico1.3% IndonesiaHighcharts.com

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX Univest Emerging World 0.3 1.3 9.1 1.8 22.5 N/A N/A 9.1 0.6 4.1
STOXX Emerging Markets 0.0 1.0 8.8 1.4 22.3 N/A N/A 8.8 0.5 4.1
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Univest Emerging World N/A N/A 13.3 15.6 17.7 N/A N/A 0.4 -0.1 0.1
STOXX Emerging Markets N/A N/A 13.4 15.7 17.7 N/A N/A 0.4 -0.1 0.1
Index to benchmark Correlation Tracking error (%)
iSTOXX Univest Emerging World 1.0 1.0 1.0 1.0 1.0 0.5 0.5 0.4 0.4 0.4
Index to benchmark Beta Annualized information ratio
iSTOXX Univest Emerging World 1.0 1.0 1.0 1.0 1.0 8.3 3.7 0.6 0.3 0.1

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

2Based on EURIBOR1M

(USD, Net Return), all data as of February 28, 2025

ISTOXX INDICES

iSTOXX Univest Emerging World

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 Univest Emerging World 14.9 13.1 13.8 12.7 1.9 2.4 0.8 -19.6
STOXX Emerging Markets 15.2 13.0 13.9 13.9 1.9 2.4 0.9 4.4

Performance and annual returns

Created with Highcharts 9.3.3Chart titleiSTOXX Univest Emerging WorldJul '18Jan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '256080100120140Highcharts.com
Created with Highcharts 9.3.3Chart titleiSTOXX Univest Emerging WorldSTOXX Emerging Markets2019202020212022202320242025-30-20-100102030Highcharts.com

Methodology

The iSTOXX Univest Emerging World Index is constructed by solving an optimization problem using Axioma's portfolio optimization software and the Axioma World-wide medium horizon fundamental factor risk model.

The optimization aims to track the parent index while satisfying the Climate, Social and Governance constraints, and managing risk, liquidity, and tradability of the portfolio.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Gross Return EUR CH1256153979 ISXUSEGR .ISXUSEGR
Net Return EUR CH1256153987 ISXUSER .ISXUSER
Price EUR CH1256154001 ISXUSEP .ISXUSEP
Net Return USD CH1256154019 ISXUSEER .ISXUSEER
Price USD CH1256153995 ISXUSEE .ISXUSEE
Gross Return USD CH1256154027 ISXUSEEG .ISXUSEEG

Quick Facts

Weighting Price weighted
Cap Factor N/A
No. of components Variable
Review frequency Quarterly
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 100 as of March. 19, 2018
History Available from Mar. 19, 2018
Inception date March. 29, 2023
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
TSMC Technology Taiwan 7.887%
TENCENT HOLDINGS Technology China 4.632%
ALIBABA GROUP HOLDING Retail China 3.463%
Samsung Electronics Co Ltd Telecommunications South Korea 2.359%
MEITUAN Technology China 1.400%
HDFC Bank Ltd Banks India 1.374%
INTERNATIONAL HOLDINGS Financial Services United Arab Emirates 1.199%
CHINA CONSTRUCTION BANK CORP H Banks China 1.044%
PDD HOLDINGS ADR Technology China 1.040%
MediaTek Inc Technology Taiwan 0.950%

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

4Based on the composition as of February 28, 2025