With the release of S&P 500 ESG Index Options, Cboe Global Markets Inc. CBOE offers investors the opportunity to invest in companies with a strong environment, social and governance (ESG) score while offering a risk and return profile similar to the S&P 500.
Cboe’s S&P500 ESG Index Options offer exposure to 75% of the S&P 500’s market capitalization by industry. It’s an industry-leading index created by the S&P Dow Jones Indices using proprietary ESG scores, which focus on the most financially material and relevant ESG signals within specific industries. S&P 500 ESG Index options are easy to trade long and short, and they’re cash-settled, meaning there’s no risk of early assignment.
Many unethical business practices have been exposed in recent times, making the public more ethically conscious of their investing decisions. Human rights abuses in cobalt mining, price gouging in life-saving drugs, and greenhouse gas emissions have all taken a spotlight in the media throughout the last five years, prompting global and governmental interventions on corporate practices.
Cboe’s S&P 500 ESG Index options offer exposure to companies that have been investigated for confirmation of their ESG principles. Companies under the “Mining & Minerals” umbrella, for example, are drilled for their payment transparency, mineral waste management, water-related risks, and community impact before being given an ESG score. Similarly, companies in the “Restaurants” category are scrutinized for their local impact on business operations, customer relationship management, and raw material sourcing.
Source: Cboe Global Markets
As the figure above demonstrates, the S&P 500 ESG Index is highly correlated with the broader S&P 500 Index. As such, it offers investors very similar returns and risks while ensuring the companies they invest in are a little more ethically, socially and environmentally conscious.
Click here to learn more about Cboe’s S&P 500 ESG Index.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
