In This List

How Target Outcome Indices Work

S&P Dow Jones Indices Launches S&P/TSX ESG Indices

Assessing Gold’s Ascent

S&P CoreLogic Case-Shiller Index Reports 4.8% Annual Home Price Gain in July

S&P Dow Jones Indices Launches Sustainability Screened Versions of Flagship U.S. Equity Indices

How Target Outcome Indices Work

  • Length 4:44

Indexing is democratizing access to defined outcomes, providing a simple, transparent, index-based blueprint for target outcome strategies that can be applied to both active and passive vehicles. Take a closer look at what makes these indices tick and the range of potential applications for these innovative tools.


S&P Dow Jones Indices Launches S&P/TSX ESG Indices

TORONTO, OCTOBER 8, 2020: S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, and TMX Datalinx(R), TMX Group's information services division, today announced the launch of the S&P/TSX ESG Indices, the latest in S&P DJI’s growing family of global ESG indices based on some of the world’s most highly-tracked regional and country-specific benchmarks.

The new indices are:

  • S&P/TSX Composite ESG Index: a broad-based benchmark maintaining similar overall industry group weights as the underlying S&P/TSX Composite.
  • S&P/TSX 60 ESG Index: weights the S&P/TSX 60 Index according to S&P DJI ESG score by overweighting and underweighting companies with relatively high and low scores.

The objective of the S&P/TSX ESG Indices is to give investors core exposure to the Canadian equities market while providing a significant boost in ESG score performance.

S&P DJI recently entered into a license agreement with Invesco Ltd. to launch a Canadian-listed ETF today tracking the S&P/TSX Composite ESG Index.

Eligibility and Construction
The S&P/TSX Composite ESG Index and the S&P/TSX 60 ESG Index exclude companies involved in controversial weapons, tobacco, and thermal coal as well as companies with disqualifying United Nations Global Compact (UNGC) scores. Companies with low S&P DJI ESG scores as defined in the index methodology are also ineligible for the S&P/TSX Composite ESG Index.

Eligible companies are then selected and weighted accordingly:

  • S&P/TSX Composite ESG Index: eligible companies in each GICS Industry Group are selected for inclusion in decreasing order of their respective S&P DJI ESG score until as close to 75% as possible of the float-adjusted market cap (FMC) is reached for each group. Constituents are weighted by FMC.
  • S&P/TSX 60 ESG Index: All eligible companies are selected for inclusion. Within each GICS Industry Group, companies with relatively high S&P DJI ESG Scores are overweighted while relatively low scoring companies are underweighted to improve the index’s overall ESG exposure.

The full methodology for the S&P/TSX ESG Indices and S&P DJI ESG Scores are available at: www.spdji.com.

"In the last year, ESG has joined the mainstream of investing as market participants increasingly see the importance and relevance of indices that incorporate sustainability data and principles," said Reid Steadman, Managing Director and Global Head of ESG Indices at S&P DJI. "The S&P/TSX ESG Indices are designed to target the core of an investor's portfolio by giving them broad equity exposure in line with their sustainable investment goals. We're thrilled to work with TSX to bring this strategy to the Canadian market."

"We are excited to be working with S&P Dow Jones Indices to launch these enhanced tools to help integrate ESG considerations into the investment process," said Sarah Ryerson, President, TMX Datalinx. "As global interest in sustainable investing continues to grow, these indices will provide investors with increased exposure to sustainable investments and enable them to more efficiently manage risks associated with ESG in their portfolios."

S&P DJI has been a leader in ESG indexing for 20 years. Since the 1999 launch of the Dow Jones Sustainability Index (DJSI), the first global sustainability benchmark, S&P DJI now offers a range of ESG index solutions including carbon-efficient indices introduced in 2018. In April 2019, S&P DJI introduced the S&P 500 ESG Index based on the S&P 500®.

Please visit www.spdji.com for more information about the methodology behind our global family of ESG indices.


Assessing Gold’s Ascent

  • Length 7:49

What’s driving demand for gold this year? S&P DJI’s Jim Wiederhold and CME Group’s Blu Putnam explore what’s pushing gold prices up and how investors are putting the precious metal to work in portfolios.


S&P CoreLogic Case-Shiller Index Reports 4.8% Annual Home Price Gain in July

NEW YORK, SEPTEMBER 29, 2020 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for July 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, and can be accessed in full by going to www.spdji.com.

Please note that transaction records for March, April, May and June 2020 for Wayne County, MI are now available. Due to delays at the local recording office caused by the COVID-19 lockdown, S&P Dow Jones Indices and CoreLogic were previously unable to generate a valid March, April, May and June 2020 update of the Detroit S&P CoreLogic Case-Shiller indices.

However, there are not a sufficient number of records for the month of July for Detroit. Since Wayne is the most populous county in the Detroit metro area, S&P Dow Jones Indices and CoreLogic will be unable to generate a valid Detroit index value for the September release. When the sale transactions data fully resumes and sufficient data is collected, it will be possible to calculate the Detroit index values for the month(s) with missing updates.

YEAR-OVER-YEAR

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 4.8% annual gain in July, up from 4.3% in the previous month. The 10-City Composite annual increase came in at 3.3%, up from 2.8% in the previous month. The 20-City Composite posted a 3.9% year-over-year gain, up from 3.5% in the previous month.

Phoenix, Seattle and Charlotte reported the highest year-over-year gains among the 19 cities (excluding Detroit) in July. Phoenix led the way with a 9.2% year-over-year price increase, followed by Seattle with a 7.0% increase and Charlotte with a 6.0% increase. Sixteen of the 19 cities reported higher price increases in the year ending July 2020 versus the year ending June 2020.


S&P Dow Jones Indices Launches Sustainability Screened Versions of Flagship U.S. Equity Indices

NEW YORK, September 24, 2020: S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, today announced the launch of Sustainability Screened versions of its widely tracked core U.S. equity indices. The new series includes the S&P 500 Sustainability Screened Index, the S&P MidCap 400 Sustainability Screened Index, and the S&P SmallCap 600 Sustainability Screened Index.

These Sustainability Screened Indices measure the performance of stocks involved in business activities that avoid controversies and are aligned with ESG investors’ values in their respective parent indices. This series is the latest evolution of ESG index innovation as U.S. and global investors further align their sustainability goals with more mainstream investments.

“S&P Dow Jones Indices is proud to be at the forefront of cutting-edge ESG indexing and benchmarking. As a pioneer in this space for more than two decades, we create independent, transparent and trusted ESG indices that enable investors to support more sustainable economies,” said Dan Draper, CEO of S&P Dow Jones Indices.

The Sustainability Screened Indices utilize various filters in their eligibility criteria. For example, the indices exclude companies with specific fossil fuel reserves as measured by Trucost, part of S&P Global. Other companies screened out include those involved in thermal coal extraction and power generation, oil sands extraction, and energy exploration and production. In addition, the indices exclude companies that are involved in controversial weapons, small arms, and tobacco.

As part of this index series debut, BlackRock’s iShares has selected and licensed S&P DJI’s Sustainability Screened Indices to deliver sustainable investing alternatives for its exchange-traded funds in the U.S.

“We are excited to launch iShares ETFs with these newly created sustainability screened versions of S&P’s flagship indices.  These flagship indices are core portfolio building blocks and the new screened versions will provide more choices for sustainable investing. We welcome adding a new suite with S&P’s global brand and ESG capabilities to iShares sustainable platform,” said Carolyn Weinberg, iShares Global Head of Product at BlackRock.

“Since the successful global launch of S&P DJI’s core ESG index series in 2019, we continue to see growing investor appetite for tailored ESG versions of our most popular market-cap weighted indices using more targeted screening approaches. This new index series enables investors to gain a broad exposure to the U.S. stock market while staying consistent with their sustainability values and goals,” said Reid Steadman, Global Head of ESG Indices at S&P Dow Jones Indices.

The research and methodology on the Sustainability Screened Indices are available at www.spglobal.com/spdji.


Processing ...