MSCI World ex Europe Value Weighted Index

The MSCI World ex Europe Value Weighted Index is based on the MSCI World ex Europe Index, its parent index, which includes large and mid cap stocks across Developed Markets, excluding Europe. The MSCI World ex Europe Value Weighted Index reweights each security of the parent index to emphasize stocks with lower valuations. Index weights are determined using fundamental accounting data—sales, book value, earnings, and cash earnings—rather than market prices.