Cboe Welcomes New Issuer Sage Advisory to Marketplace with Launch of ESG ETF
CHICAGO, Oct. 31, 2017 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE| NASDAQ: CBOE), one of the world's largest exchange holding companies, today welcomed new issuer Sage Advisory to the Cboe ETF Marketplace with the launch the Sage ESG Intermediate Credit ETF (Cboe: GUDB).
The Sage ESG Intermediate Credit ETF seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Sage ESG Intermediate Credit Index, as launched in August 2017. The ETF generally will invest at least 80% of its total assets in the component securities of the Sage ESG Intermediate Credit Index (the "Index").
The Index consists of corporate bonds selected by Sage from the Barclays Capital U.S. Intermediate Credit Bond Index that meet Sage's Environmental, Social and Governance (ESG) criteria. The Index uses Sage's ESG factor analysis framework and rules-based selection process. The Index is designed to maximize exposure to positive ESG characteristics, while maintaining a high level of liquidity. More information is available here.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Cboe, said: "Sage's fixed income and equity ESG investment solutions are a testament to their commitment to sustainability and responsible investing. One of the Cboe's guiding principles is good citizenship, and so it's been a particular pleasure working with the Sage team to bring this product, which blends ESG issues with broad diversification and solid risk management, to market."
"Investors are realizing that ESG strategies do not require a sacrifice in returns. Combining this mindset with the rapidly growing popularity of ETFs makes the timing perfect." said Robert G. Smith, President and CIO at Sage Advisory. "We're thrilled to be launching GUDB on one of the world's largest exchanges, where we believe the strategy will have the greatest potential positive impacts on intended ESG criteria."
Year-to-date, Cboe has welcomed 109 ETFs to its U.S. market. In the third quarter of 2017, Cboe welcomed a total of 23 ETFs to the Cboe ETF Marketplace as well as 30 transfers, and year-to-date has won 36 percent of all new U.S. ETF listings. There are now 230 ETFs listed on Cboe ETF Marketplace, from 44 different issuers.
Additional information regarding listing and trading on the Cboe ETF Marketplace is available on ETFMarketplace.com. Firms interested in listing products with Cboe may email [email protected].
About Sage Advisory Services
Sage is an independent investment management firm headquartered in Austin, TX, that serves the institutional and private client marketplace with traditional fixed-income asset management, global tactical ETF strategies and liability-driven investment solutions. As of September 2017, Sage manages and advises over $12 billion in client assets. For more information, visit https://www.sageadvisory.com/
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE| NASDAQ: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology, and providing seamless solutions that enhance the customer experience.
Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility.
Cboe's trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New York, London, San Francisco, Singapore, Hong Kong and Quito, Ecuador. For more information, visit www.cboe.com.
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Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices. You cannot invest directly in an index. This press release speaks only as of this date. Cboe disclaims any duty to update the information herein.
Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.
SOURCE Cboe Global Markets, Inc. and Sage Advisory
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