Morningstar launches Eurozone Societal Development Select 80 index

Exclusively licensed by HSBC

Cristian Angeloni
clock • 2 min read

Morningstar has added to its range of sustainability indices with the launch of the Morningstar Eurozone Societal Development Select 80 index.

The index will provide investors with exposure to large- and mid-cap eurozone-based companies with a "stronger commitment" to policies aligned to the United Nations' Sustainable Development Goals, and which support economic development in emerging markets. Morningstar said the index has been exclusively licensed by HSBC. The index's starting point will be the Morningstar Eurozone Large-Mid Cap index, with around 400 companies, and it will then apply societal development scores, as well as filtering by company revenue, to bring the number to 80. Morningstar: Vanguard voted against m...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

The overall average relative performance of all equity funds compared to their benchmarks was -2.4% in 2023.

Most active equity funds fail to outperform their benchmarks in 2023

LSEG Lipper research

Cristian Angeloni
clock 09 January 2024 • 3 min read
The indicator tracks sell side strategists’ average recommended allocation to equities in a balanced fund.

Sell side equity sentiment reaches highest level since May 2022

Bank of America sentiment indicator

Elliot Gulliver-Needham
clock 03 January 2024 • 1 min read
The risk is that mega-cap tech stocks may be used as a 'source of funds' if a hard landing is avoided.

Active managers warn of 'crowding risk' in mega-cap tech in 2024

Bank of America research

Cristian Angeloni
clock 03 January 2024 • 2 min read
Trustpilot