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Launch of the
Solactive oekom Ethical Low Volatility Index 

 

Frankfurt, 6 May 2015 – Solactive AG has launched the Solactive oekom Ethical Low Volatility Index, which was created to track the price movements of low volatility stocks passing the ESG screenings of oekom research, a leading rating agency for sustainable investments. BNP Paribas has licensed the Index to launch a wide range of products, from capital protected to more complex structures designed for both retail and institutional clients in Germany, Austria and Scandinavia.

Steffen Scheuble, CEO, Solactive, said: “Solactive is well-known in the industry for being able to create tailor-made indices that fit the needs of each of our clients, whether it is plain equity ideas or complex investment structures that need to be translated into a rule based, transparent index. The Solactive oekom Ethical Low Volatility Index is the perfect example of our capacity to provide efficient exposure to a specific market in a timely manner. Not to mention that this innovative ethical index benefits from both the comprehensive screenings of oekom research and the interesting built-in feature around historical low volatility.”

 

Michael Schuelli, Head of Structured Solutions Germany & Austria, BNP Paribas Global Markets, said: “We are enthusiastic about the benefits this index will bring to our clients across the region, and the strong potential it offers in creating solutions which bring a financial return to our clients, while meeting their Environmental & Social Governance (ESG) investment goals. We are confident that the Solactive oekom Ethical Low Volatility Index brings both transparency and good judgement to this space, and is a sign of BNP Paribas’ commitment to drive progress in sustainable & responsible investment solutions.”

 

Julia Haake, Director of Paris Office, oekom research, said: “oekom research’s high-quality analyses form the ideal basis for an index with high sustainability standards. When selecting companies for the Solactive oekom Ethical Low Volatility Index, we apply very rigorous criteria. The Index thus provides sustainable investors with guidance on which companies have systematically integrated sustainability into their management systems.”

 

The index universe is provided to Solactive by oekom research on a quarterly basis, consisting of European companies which meet minimum sector-specific sustainability management requirements and have therefore been awarded oekom Prime status. The companies in the selection universe are further screened for controversial business areas (including alcohol, coal & oil, gambling, GMOs, military, nuclear power or tobacco) and controversial business practices (including business malpractice, controversial environmental practices, human rights or labour rights) and will be removed from the pool if they violate either of the exclusion criteria.

Solactive selects stocks from the starting universe that are incorporated or listed in developed Europe and have a 20 days average daily trading volume of at least EUR 10 million. Stocks are ranked by inverse historical volatility over the past 130 days in their local currency. The Index is composed of the top 30 stocks, which are weighted by inverse historical volatility.

 

Top 10 components of the Solactive oekom Ethical Low Volatility Index




Published in EUR, the Solactive oekom Ethical Low Volatility Index is a total return index. The Index is based on 100 at the close of trading on the start date of 21st January 2000.

For more information, please visit the Solactive oekom Ethical Low Volatility Index webpage.

___________________________________


Further information can be obtained from:

oekom research AG
Ines Markmiller, Senior Manager Corporate Communications, Goethestraße 28, 80336 Munich, Germany, phone: +49-(0)89-544184-60, fax: -99, markmiller@oekom-research.com

oekom research
oekom research is one of the world’s leading rating agencies in the field of sustainable investment. The agency analyses companies and countries with regard to their environmental and social performance. oekom research has extensive experience as a partner to institutional investors and financial service providers, identifying issuers of securities and bonds which are distinguished by their responsible management of social and environmental issues. More than 100 asset managers and asset owners routinely draw on the rating agency’s research in their investment decision-making. oekom research’s analyses therefore currently influence the management of assets valued at over 600 billion euros.

 

Solactive AG

For Journalists
Barbara Mahe, Head of PR & Marketing
Phone: +49 (69) 719 160 17
Email: mahe@solactive.com

For Clients
Steffen Scheuble, CEO
Phone: +49 (69) 719 160 20
Email: scheuble@solactive.com

Sophie Kindelbacher, Institutional Sales
Phone: +49 (69) 719 160 22
Email: kindelbacher@solactive.com


About Solactive
Solactive AG is an innovative index provider that focuses on tailor-made indices, which it develops, calculates and distributes worldwide. As of 31st December 2014, Solactive AG calculates indices over all asset classes for 175 clients in Europe, America and Asia, with approximately USD 25 billion invested in products linked to indices calculated by the Company globally, primarily via 170 Exchange Traded Funds from a number of well-known providers.  Solactive AG was established in 2007 and is headquartered in Frankfurt.
www.solactive.com

About BNP Paribas
BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
www.bnpparibas.com

 

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