Qontigo has announced the results of the June regular review to the composition of the DAX® 50 ESG, DAX® 50 ESG+, DAX® ESG Target, DAX® ESG Screened, MDAX® ESG+ and MDAX® ESG Screened indices, as well as of the benchmark DAX®. The actions listed below will be effective as of June 19 this year.
Additions:
Telefonica Deutschland
Qiagen
Deletions:
Aroundtown
Lufthansa
Additions:
Bechtle
SMA Solar Technologies
Dr. Ing. H.C.F. Porsche
Deletions:
Daimler Truck
Fraport
Vonovia
Addition:
Hugo Boss
Deletion:
Scout24
Addition:
Dr. Ing. H.C.F. Porsche AG
Deletion:
None
Additions:
Duerr
SMA Solar Technologies
Software
Krones
K+S
Evotec
Deletions:
United Internet
RTL Group
Siltronic
Aroundtown
Additions:
Krones
Evotec
SMA Solar Technologies
Shop Apotheke Europe
Software
Deletions:
Siltronic
Adtran Holdings
United Internet
Aroundtown
The DAX 50 ESG combines negative screening and best-in-class ESG integration, and was developed as a broad-market ESG benchmark with a larger composition than that of the flagship DAX.1 The DAX ESG Target follows an optimized weighting methodology whose objective is to improve the portfolio’s ESG score and decrease its carbon footprint relative to the benchmark, while limiting the tracking error.
The objective of the DAX ESG Screened index is to reflect the performance of the DAX after removing companies that fail screenings for global norms, controversial weapons, product involvement and a minimum ESG rating.
The DAX 50 ESG+ reflects the performance of the 50 highest ESG-ranked German companies after using sustainability exclusion filters.2
The MDAX ESG indices follow similar methodologies as the DAX ESG indices, while tracking mid-cap companies.
The next regular review of the DAX ESG indices will take place on Sept. 6, 2023.
1,2 Selection universe for these indices is the HDAX®.