Eurex's STOXX® Europe 600 ESG futures have facilitated trading and hedging of socially responsible investment portfolios and are an important step in the construction and easy implementation for ESG mandates. These unique ESG futures are also essential to create opportunities for asset managers to retain flexibility when managing cash within ESG funds.
By late July 2019, open interest in ESG futures has grown to an open interest value of 786 million euros. The new futures have also helped bring down trading costs and serve as benchmarks for many large investors and asset owners. With a growth rate of 100% in June, up to the expiration date of 21 June, more than 234,000 contracts have been traded. With robust growths in agent accounts market share and orderbook participation, the STOXX® Europe 600 ESG-X futures, by far the most popular contract, currently play to the general preference for light-exclusion methodologies over best-in-class or ESG integration.
Sustainable investing has moved to the core of asset portfolios and index-based strategies, with our ESG futures facilitating this transition!
Zubin Ramdarshan, Head Equity & Index Product Design, Eurex
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