July 7, 2022

Morningstar® Indexes Launches Eurozone Gender Diversity Index Select 50 in Collaboration with Equileap

LONDON, July 7, 2022 Morningstar, Inc. (Nasdaq: MORN), a provider of independent investment research, through its rapidly growing global index business, announces the launch of Morningstar® Indexes’ Eurozone Gender Diversity Index Select 50 powered by Equileap’s leading data and insights on gender equality. The index is licensed to Citi to underlie structured products.

The Morningstar® Eurozone Gender Diversity Select 50 Index helps investors pursue objectives that align with environmental, social, and governance standards in reference to gender diversity. The index methodology integrates exclusions based on product involvement filters alongside ESG risk scores powered by Morningstar Sustainalytics.

The index constituent selection and weighting is also influenced by the gender diversity data and scoring methodology of Equileap – the leading provider of data and insights on gender equality in the corporate sector. The index is designed to provide exposure to companies that have strong gender equality policies and practices embedded in their corporate culture, better gender balance at all corporate levels, and that ensure equal opportunities to employees, irrespective of their gender.

The launch of the Morningstar® Eurozone Gender Diversity Index Select 50 fits into Morningstar’s broader Gender Diversity Index series, which has seen favorable returns with less volatility as measured by standard deviation of returns broad market equivalents. Morningstar’s gender diversity index series has scored well on measures of corporate quality and financial health.

Amelia Furr, Head of Sales at Morningstar Indexes said: “Since the pandemic the focus of both Social and Governance, within ESG has evolved beyond recognition.  The launch of the index comes amid growing scrutiny of the make-up of investor portfolios. Investors and corporations have a role to play in developing gender equality. Societies that tap into the full potential of their populations are more competitive. The same principles carry over to the business world – research has shown that forward-looking diversity policies often go hand-in hand with better long-term performance of a business.”

Elree Winnett Seelig, Head of ESG Markets, Citi added: “The Morningstar® Eurozone Gender Diversity Select 50 index is an exciting new way for investors seeking exposure to companies addressing an important business challenge. We are proud to collaborate with Morningstar and Equileap to address evolving investor interest.”

Arthur Dorbessan, Global Head of Retail Indexes – Citi Multi Asset Group said: “Companies’ focus on gender equality has accelerated over the past few years. Citi is proud to collaborate with Morningstar and Equileap to offer an investment access to companies leading the gender equality initiative through the Morningstar® Eurozone Gender Diversity Index Select 50 Index.”

Diana van Maasdijk, Co-founder & Chief Executive Officer, Equileap commented: “As investors increasingly demand opportunities to make real social impact with their investments, interest in gender lens investing is steadily rising.  We are hugely proud of this collaboration with Morningstar and Citi. This partnership expands the choice investors now have for gender lens investing indices and products, and together we are responding to a growing market demand and allowing investors to make the informed, data-driven decisions that will help close the gender equality gap in the workplace.”

 

About Morningstar, Inc. 
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $265 billion in assets under advisement and management as of March 31, 2022. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

About Morningstar Indexes
Morningstar Indexes, recently named the fastest growing global index provider by Burton-Taylor, was built to keep up with the evolving needs of investors—and to be a leading-edge advocate for them. Our rich heritage as a transparent, investor-focused leader in data and research uniquely equips us to support individuals, institutions, wealth managers and advisors in navigating investment opportunities across all major asset classes, styles and strategies. From assessing risk and return with traditional benchmarks to helping investors effectively incorporate ESG objectives into their investment process, our range of index solutions spans an investment landscape as diverse as investors themselves. We help investors answer today’s increasingly complex questions so that they can more easily reach tomorrow’s goals.
Please visit indexes.morningstar.com for more information.

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Equileap
Equileap is the leading organisation providing data and insights on gender equality in the corporate sector.  Equileap’s data enables investors to enhance responsible investing with a gender lens and to focus on the social aspect of ESG policies and practices. We research and rank 4,000 public companies around the world using a unique and comprehensive Gender Equality Scorecard across 19 criteria, including the gender balance of the workforce, senior management and board of directors, as well as the gender pay gap and policies relating to parental leave, flexible work and sexual harassment. More information visit: www.equileap.com

Media Contact: 
Fabio Peyer, +41 (0)764699036, fabio.peyer@morningstar.com, ukmedia@morningstar.com 

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