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ISTOXX INDICES

iSTOXX Global Economic Growth Select 50

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Index Description

The iSTOXX® Global Economic Growth Select 50 Index aims at investing in liquid, low volatility and high dividend stocks from the STOXX® Global 1800 Index. The component selection process first excludes all companies which are in contravention of UN Global Compact Principles or are involved in controversial weapons activities, as identified by Sustainalytics. As a next step, all stocks whose 3-month average daily traded volume (ADTV) is below USD 3 million are excluded, followed by the exclusion of the stocks with the highest 3- or 12-month historical volatilities. Among the remaining stocks, the 50 stocks with the highest 12-month historical dividend yields are selected to be included in the index. The constituents are weighted according to a normalized gross domestic product (GDP) score whereby companies with the highest exposure to countries with the highest estimated economic growth (according to the IMF) receive the largest weight. There is a country-level and individual-level cap.

Key facts

  • Liquid universe
  • Excludes companies which are in contravention of UN Global Compact Principles or are involved in controversial weapons activities
  • Balanced approach between volatility and dividend screenings
  • Innovative weighting scheme favoring companies with high exposure to countries with high estimated economic growth

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX Global Economic Growth Select 50 N/A 1.0 0.0 0.0 0.1 0.0 5.1 0.6 188.2
STOXX Global 1800 69,740.4 64,129.5 35.6 11.1 3,163.8 1.0 4.9 0.0 2.5

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 Economic Growth Select 50 -0.7 13.6 20.4 20.8 23.3 N/A N/A 20.7 6.6 4.3
STOXX Global 1800 0.7 18.8 30.5 29.0 83.0 N/A N/A 30.9 8.9 13.0
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX Global Economic Growth Select 50 N/A N/A 7.2 8.7 13.9 N/A N/A 2.5 0.5 0.2
STOXX Global 1800 N/A N/A 11.0 14.1 17.4 N/A N/A 2.3 0.5 0.6
Index to benchmark Correlation Tracking error (%)
iSTOXX Global Economic Growth Select 50 0.4 0.5 0.5 0.6 0.7 9.6 10.3 9.8 11.8 12.2
Index to benchmark Beta Annualized information ratio
iSTOXX Global Economic Growth Select 50 0.3 0.3 0.3 0.3 0.6 -1.7 -0.6 -0.9 -0.3 -0.8

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

2Based on EURIBOR1M

(EUR, Gross Return), all data as of October 31, 2024

ISTOXX INDICES

iSTOXX Global Economic Growth Select 50

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 Economic Growth Select 50 16.5 13.2 14.4 14.4 1.4 6.8 0.9 14.6
STOXX Global 1800 23.5 20.8 21.8 21.8 3.5 2.5 2.3 23.3

Performance and annual returns