As sustainable investing continues to gain momentum, manage and integrate environmental, social, and governance (ESG) exposure into your investments with E-mini S&P 500 ESG futures, now trading.
Sustainable Investing
Access a new derivative solution for responsible investing, allowing you to align your financial goals with your environmental, social, and governance values.
Capital-efficiency
Save on margin offsets with other equity index futures.
Versatility to manage positions
Flexible execution, including Basis Trade at Index Close (BTIC) or block trades, offers multiple ways to find liquidity.
Similarity to the S&P 500
Integrate ESG values into your portfolio, while accessing a similar return profile to the S&P 500 Index. The S&P ESG Index offers a low tracking error of 0.74% in past 5 years.
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Contract Specifications
View full specs| Contract Size | $500 x S&P 500 ESG Index |
|---|---|
| Trading Hours and Venue | CME Globex: 5pm to 4:00pm, Sun-Fri, with trading halt from 3:15pm to 3:30pm, Mon-Fri. |
| Minimum Price Fluctuation | Prices are quoted and traded in Index points. Minimum price increments -- Outright: 0.02 Index points, equal to $10.00 per contract. Calendar spread: 0.01 Index points, equal to $5.00 per calendar spread. BTIC: 0.01 Index Points, equal to $5.00 per contract |
| Product Code | CME Globex: ESG |
| Contract Months | Five months in the March Quarterly Cycle (March, June, September, December) |
| Delivery | Delivery is by cash settlement by reference to Final Settlement Price, equal to Special Opening Quotation of Index based on opening prices of Index component stocks. |
| Termination of Trading | Last Day of Trading is 3rd Friday of contract delivery month. Trading in expiring futures terminates at 8:30 am on Last Day of Trading. |
| Block Trade Eligibility | Yes – 250 min size |
S&P 500 ESG Index is a stock index constructed from the constituents of the S&P 500 index with a set of filters that governs the eligibility based on the companies’ adherence to the Environmental, Social and Governance (ESG) standards.
As of each index rebalancing reference date, the constituents of the S&P 500 index are filtered for materially participating in certain industries (e.g. tobacco, controversial weapons) and for possessing a low score in United Nations Global Compact (UNGC). Further, companies with an S&P DJI ESG Score that falls within the lowest 25% of ESG scores from each GICS Industry Group are also excluded. Read more about the index here.
Three ways to transition into E-mini S&P 500 ESG futures
Learn about three ways you can transition positions into E-mini S&P 500 ESG futures from other alternative index vehicles.
FAQ: E-mini S&P 500 ESG futures
Get answers to frequently asked questions about the new contract.
How Is the Sustainable Investing Ecosystem Evolving?
Watch a panel discussion with S&P Dow Jones Indices, CME Group and DWS to explore the evolution of the ESG ecosystem and the latest innovations in this space.
ESG – Remarkable Progress, Evolving Indices and Futures Growth
Read about the results of the thermal coal consultation and recent ESG futures activity.
OpenMarkets: ESG Investments 2021 and beyond
View our OpenMarkets ESG roundtable featuring experts from Swedbank Robur and S&P Dow Jones Indices as they discussed ESG investment growth and trends.
Webinar: The future of ESG investing
CME Group and S&P Dow Jones Indices product experts share their insights on the sustainable investing market to help you get ready to trade.
Article: Answering the liquidity question
Explore what real liquidity look like in the E-mini S&P 500 ESG futures and see why investors are adopting the ESG investment tool around the world.
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