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ISTOXX INDICES

iSTOXX Cross-Atlantic Sustainable Infrastructure Select 30

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Index Description

The iSTOXX Cross-Atlantic Sustainable Infrastructure Select 30 Index tracks companies involved in the construction and deployment of public infrastructure works in the US, Canada and Europe and that show the highest environmental standards. Final index screens select stocks with the lowest volatilities and highest dividend yields. Index constituents provide assets and services needed to meet one of the biggest endeavors of the 21st century: the upgrading of public infrastructure in developed markets to support growing populations, urbanization, technological advancements and climate change. A list of more than 500 business sectors categorized by Revere (RBICS) help determine which companies derive revenues from the infrastructure theme. The index excludes companies in breach of Global Standards Screening and those involved with weapons, adult entertainment, gambling, oil & gas, thermal coal, nuclear power, tobacco or aerospace & defense. It incorporates those with the highest scores in 15 Key Performance Indicators for environmental practices and programs within their operations and management. The final composition list is made up of the 30 companies.

Key facts

  • Selection of 30 liquid stocks with low volatility and high dividend yield.
  • Index allows targeted investment in the'sustainable infrastructure' megatrend.
  • Detailed Revere data help select companies with a revenue exposure to sectors related to infrastructure.
  • Liquidity filter ensures replicability.
  • Companies are Global Standards Screening-compliant and are not involved in Controversial Weapons.
  • Product involvement filters are applied.
  • Environmental Key Performance indicators from Sustainalytics are taken into account to ensure that companies with no environmental consideration and weak or no sustainability policies in place, are excluded from the selection process .

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 Cross-Atlantic Sustainable Infrastructure Select 30 N/A 1.0 0.0 0.0 0.0 0.0 4.6 2.4 135.2
STOXX Global Select 100 USD N/A 1.1 0.0 0.0 0.0 0.0 1.5 0.7 129.4

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 Cross-Atlantic Sustainable Infrastructure Select 30 -2.9 6.9 12.8 -3.0 5.5 N/A N/A 13.0 -1.0 1.1
STOXX Global Select 100 USD 0.6 9.6 14.3 14.9 13.5 N/A N/A 14.5 4.8 2.6
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Cross-Atlantic Sustainable Infrastructure Select 30 N/A N/A 12.5 17.3 19.7 N/A N/A 0.7 -0.2 0.0
STOXX Global Select 100 USD N/A N/A 8.5 10.1 14.3 N/A N/A 1.2 0.2 0.1
Index to benchmark Correlation Tracking error (%)
iSTOXX Cross-Atlantic Sustainable Infrastructure Select 30 0.9 0.9 0.9 0.8 0.8 7.8 6.6 6.8 10.9 11.5
Index to benchmark Beta Annualized information ratio
iSTOXX Cross-Atlantic Sustainable Infrastructure Select 30 1.4 1.2 1.2 1.4 1.1 -5.5 -0.4 -0.2 -0.5 -0.1

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

2Based on EURIBOR1M

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

ISTOXX INDICES

iSTOXX Cross-Atlantic Sustainable Infrastructure 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 Cross-Atlantic Sustainable Infrastructure Select 30 14.9 11.2 11.3 11.3 0.9 6.1 0.7 3.3
STOXX Global Select 100 USD 16.3 13.1 15.0 15.0 1.4 6.1 0.9 5.1

Performance and annual returns

Methodology

The index universe is the union of STOXX Europe Total Market, STOXX USA Total Market and STOXX Canada Total Market indices. Companies with revenue exposure above 10% to the sectors associated with the infrastructure megatrend are selected. These companies are screened on specific Environmental Key Performance indicators related to 'sustainable infrastructure', and companies that score below an acceptable threshold on more than half the KPIs they are assessed for are excluded. Additional filters are applied to ensure companies engaged in controversial activities, or are 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 and industry diversification constraints are met.

The index is weighted by the inverse of the selected stocks' volatility, capped at 10% and reviewed quarterly.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Net Return EUR CH0509143969 IXCSISR IXCSISR INDEX .IXCSISR
Gross Return EUR CH0509143977 IXCSISGR IXCSISGR INDEX .IXCSISGR
Price EUR CH0509144017 IXCSISP IXCSISP INDEX .IXCSISP
Gross Return USD CH0509144009 IXCSISGV .IXCSISGV
Price USD CH0509143993 IXCSISL .IXCSISL
Net Return USD CH0509143985 IXCSISV .IXCSISV

Quick Facts

Weighting Inverse Volatility weighted
Cap Factor 0.1
No. of components 30
Review frequency Quarterly
Calculation/distribution Realtime 15 sec
Calculation hours 00:00:00 22:15:00
Base value/base date 100 as of Jun. 18, 2012
History Available from Jun. 18, 2012
Inception date Nov. 29, 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
ITALGAS Utilities Italy 4.579%
FREENET Telecommunications Germany 4.507%
TELEFONICA Telecommunications Spain 4.506%
TELUS Telecommunications Canada 4.379%
AENA SME Industrial Goods and Services Spain 4.232%
Redeia Corporacion Utilities Spain 4.225%
ORANGE Telecommunications France 4.209%
KLEPIERRE Real Estate France 4.082%
OMEGA HLTHCR.INVRS. Real Estate USA 3.873%
BCE Inc. Telecommunications Canada 3.794%

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

4Based on the composition as of November 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.

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.