Agreement Creates Opportunity for Future ESG Products
Intercontinental Exchange, Inc, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that ICE Data Services and CTBC Investments Co., Ltd. (“CTBC Investments”) will collaborate to develop environmental, social and governance (ESG) indices and financial products for market participants.
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CTBC Investments’ commitment to echoing its sustainable management policy throughout its investing resources and expertise is central to this agreement.
ICE has launched two new ESG bond indices, the ICE 15+ Year Large Cap USD Emerging Markets External Sovereign Carbon Reduction Index and the ICE 15+ Year Ultra Large Cap Developed Markets US Corporate Best-in-Class ESG Index. The new ESG indices are administered and calculated by ICE Data Indices, LLC (“IDI”) and are broadly disseminated along with IDI’s comprehensive family of more than 5,000 global fixed income, equity, commodity and currency indexes. CTBC Investments plans to launch ETF products that will use these new ESG indices, which have been recognized through CTBC Investments’ efforts by the Taipei Exchange, as their underlying benchmarks.
CTBC Investments, the third-largest asset management company in Taiwan in terms of assets under management in bond ETFs, provides various investment strategies that serve its clients. Its work with ICE marks the first time CTBC Investments is participating in ESG investing.
“CTBC Investments is a strong advocate for ETF investing and has become a major player in the Taiwan ETF market,” said Magnus Cattan, Head of ICE Data Services, Asia Pacific. “CTBC Investments’ commitment to echoing its sustainable management policy throughout its investing resources and expertise is central to this agreement.”
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