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Indices
The MSCI World Index captures large and mid cap representation across 24 Developed Markets (DM) countries*. With 1,604 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.
Cumulative Index Performance Gross Returns (Oct 1998 Oct 2013) USD
600 MSCI World MSCI Emerging Markets ACWI IMI
541.74
400
200
217.10
16.54 -5.02 12.34 30.79 -40.33 9.57 20.65 10.02 15.25 33.76 -19.54 -16.52 -12.92 25.34
18.63 -18.17 19.20 79.02 -53.18 39.82 32.55 34.54 25.95 56.28 -6.00 -2.37 -30.61 66.41
17.04 -7.43 14.87 37.18 -42.01 11.66 21.49 12.06 16.93 36.18 -17.26 -15.39 -15.17 30.98
50 Oct 98 Jan 00 Apr 01 Jul 02 Oct 03 Jan 05 Apr 06 Jul 07 Oct 08 Jan 10 Apr 11 Jul 12 Oct 13
Sharpe Ratio2,3
May 31, 1994
3 Yr
5 Yr
10 Yr
Since
3 Yr
5 Yr
10 Yr
Since
Last 12 months
* DM countries include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US. As of November 2013, Greece will join the EM Index from DM. MSCI World was launched on Feb 27, 1970. MSCI Emerging Markets was launched on Dec 31, 1987. MSCI ACWI IMI was launched on May 31, 2007. Data prior to launch dates are back-tested data (i.e. calculations of how the index might have performed over that time period had the index existed).
1,604
Mkt Cap
(USD Billions)
Mkt Cap
Wt. (%)
Index
Sector
Sector
Wt. (%)
US US US US US US CH US US US
490.30 398.48 280.45 279.41 270.29 260.13 233.26 232.54 221.32 214.80 2,880.99
1.59 1.30 0.91 0.91 0.88 0.85 0.76 0.76 0.72 0.70 9.37
Info Tech Energy Info Tech Info Tech Industrials Health Care Cons Staples Energy Cons Staples Financials
13.7 13.5 7.8 7.8 7.8 7.6 7.4 7.9 7.1 3.3
Sector Weights
10.21% 11.14% 9.63% 5.74% 3.85% 11.31% 3.27%
Country Weights
4.2% 8.83% 9.16% 4.16% 20%
11.65% 12.23%
20.98% 53.64%
United States 53.64% Financials 20.98% Industrials 11.31% Materials 5.74% Consumer Discretionary 12.23% Health Care 11.14% Information Technology 11.65% Energy 9.63% France 4.16%
Japan 8.83%
Canada 4.2%
Other 20%
Index Methodology
The index is based on the MSCI Global Investable Indices (GIMI) Methodologya comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability. The index is reviewed quarterlyin February, May, August and Novemberwith the objective of reflecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cutoff points are recalculated.
About MSCI
www.msci.com | clientservice@msci.com
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools. The company's flagship product offerings are: the MSCI indices with approximately USD 7.5 trillion estimated to be benchmarked to them on a worldwide basis ; Barra multi-asset class factor models, portfolio risk and performance analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indices and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; ISS corporate governance research, data and outsourced proxy voting and reporting services; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
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As of March 31, 2013, as reported on July 31, 2013 by eVestment, Lipper and Bloomberg.
The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct other data, to create indices, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 2013 MSCI Inc. All rights reserved.