Industry Updates

S&P Dow Jones Indices sees index revenues jump in Q2 amid flurry of ESG launches

Tom Eckett

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S&P Dow Jones Indices saw its asset-linked fee revenues increase in Q2 as the index provider reaped the rewards from a string of environmental, social and governance (ESG) index launches.

Overall, asset-linked fees including revenues associated with ETFs, mutual funds and over-the-counter derivatives increased 18%.

Of this, revenue from ETFs was the largest component with ETF assets under management (AUM) with SPDJI’s indices increasing 9% year-on-year.

This was partially offset by a 6% decline in the firm’s exchange-traded derivative fees but there as a 21% increase in data and custom subscriptions.

The revenue from fees helped contribute to a jump in overall revenues, which rose 14% to $235m in Q2.

Last quarter, SPDJI unveiled ESG versions of a number of its famous indices including the S&P 500 and Dow Jones.

Operating profit rose 19% to $162m in Q2 while the operating profit margin increasing 290 basis points to 69%.

Commenting on the results, Douglas Peterson (pictured), president and CEO of S&P Global, said: “SPDJI launched ESG versions of 22 well-known regional benchmarks and two of its headline indices, the S&P 500 and Dow Jones Industrial Average, were part of a very successful Micro E-mini futures launch.

“This is an exciting time for the company with so many growth opportunities."

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