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Irish Life Investment Managers Selects ICE Index for Irish Life Euro Sustainable Corporate Bond Fund
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Rhea-AI Summary
Intercontinental Exchange (NYSE: ICE) has announced that Irish Life Investment Managers (ILIM) will use its ICE ESG Fixed Income index for the Irish Life Euro Sustainable Corporate Bond Fund. The ICE ILIM Sustainable Euro Corporate Bond Index excludes companies involved in controversial sectors and emphasizes ESG criteria. This index, created for ILIM, aims to provide broader exposure to sustainable investment options. The fund has already attracted over $3 billion in assets, showcasing increasing interest in sustainable fixed income investments.
Positive
ILIM has licensed the ICE ESG Fixed Income index, indicating a strategic partnership enhancing ICE's market position.
The fund has attracted over $3 billion in assets, indicating strong demand for sustainable investment products.
ICE offers comprehensive customization solutions, enhancing client satisfaction and engagement.
Negative
None.
ATLANTA & NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Irish Life Investment Managers (ILIM) has licensed an ICE ESG Fixed Income index, the ICE ILIM Sustainable Euro Corporate Bond Index, for its Irish Life Euro Sustainable Corporate Bond Fund.
The ICE ILIM Sustainable Euro Corporate Bond Index seeks to limit the inclusion of companies involved in controversial weapons, tobacco, thermal coal, arctic oil and oil sands, excludes the bottom 7% issuers according to ESG and carbon emissions criteria, and tilts index weights, taking into account company green and fossil fuel revenue. The selected index is derived from the ICE BofA Euro Large Cap Corporate Index, which tracks the performance of large capitalization EUR denominated investment-grade corporate debt, publicly issued in the Eurobond or Euro member domestic markets.
The index was created to meet the specific needs of ILIM and to provide its clients with broader exposure to environmental, social and governance (ESG), and sustainability factors. ICE’s comprehensive customization solution offers a team of index analysts who develop and back test the index specifications, publish the full set of performance and statistical measures, and distribute the index across a wide range of platforms and redistributors.
“Irish Life Investment Managers has worked to deliver clients with high-quality and innovative investment strategies and this new fund continues that legacy,” said Aram Flores, VP, Head of Index and Analytics at ICE. “ICE has broad experience creating tailormade solutions for specific investment strategies. We’re proud to have worked with the team at ILIM to help them design a fund that meets the needs of its clients and that has already attracted over $3 billion in assets. This allows international investors to increase their access to sustainable fixed income.”
“ICE’s range of solutions for fixed income sustainable benchmarks made them an attractive solution for the Irish Life Euro Sustainable Corporate Bond Fund,” said John Thornton, Head of LDI & Indexed Fixed Income at Irish Life Investment Managers. “Responsible Investing and building a better future are fundamental parts of ILIM’s mission and we aim to provide a range of solutions to our clients that allows them to incorporate ESG factors into their portfolio.”
ICE and ILIM intend to continue developing customized indices to meet the investment goals of their clients. ICE’s global family of indices serve as the performance benchmark for more than $1 trillion in assets managed by investors around the globe. For more information about ICE’s Indices, please visit: https://www.theice.com/market-data/indices.
BofA® is a registered trademark of Bank of America Corporation and used under License.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
What is the ICE ILIM Sustainable Euro Corporate Bond Index?
The ICE ILIM Sustainable Euro Corporate Bond Index is designed to limit the inclusion of companies involved in controversial sectors while focusing on environmental, social, and governance (ESG) criteria.
How much capital has the Irish Life Euro Sustainable Corporate Bond Fund attracted?
The fund has attracted over $3 billion in assets, reflecting significant investor interest in sustainable fixed income investments.
What does ICE's customization solution for indices involve?
ICE’s customization solution includes developing and backtesting index specifications, as well as publishing performance and statistical measures.
Which companies are excluded from the ICE ILIM Sustainable Euro Corporate Bond Index?
The index excludes companies involved in controversial weapons, tobacco, thermal coal, arctic oil, and oil sands, as well as the bottom 7% of issuers according to ESG and carbon emissions criteria.
What is the purpose of the Irish Life Euro Sustainable Corporate Bond Fund?
The fund aims to provide investors with exposure to sustainable corporate bonds that meet specific ESG criteria.
