MSCI ESG Indexes Underperformed but Met ESG Objectives
- The "buildup period" of the Russia-Ukraine war produced substantial underperformance of the five flagship MSCI ACWI Indexes, but the "war-continuation" period had a less severe effect.
- The main detractors were value outperformance, as well as lower allocations to energy and aerospace and defense. Higher than average MSCI ESG Ratings, carbon efficiency and low-risk allocations were positive contributors.
- The MSCI ACWI ESG Indexes have historically outperformed the MSCI ACWI Index. These indexes are designed to have enhanced MSCI ESG Ratings and, in some cases, values-based alignment.
Unnamed: 0 | MSCI ACWI Index | MSCI ACWI ESG Screened Index | MSCI ACWI ESG Universal Index | MSCI ACWI ESG Leaders Index | MSCI ACWI ESG Focus Index | MSCI ACWI SRI Index |
---|---|---|---|---|---|---|
Unnamed: 0 YTD | MSCI ACWI Index -14.4% | MSCI ACWI ESG Screened Index -15.1% | MSCI ACWI ESG Universal Index -14.9% | MSCI ACWI ESG Leaders Index -15.6% | MSCI ACWI ESG Focus Index -14.9% | MSCI ACWI SRI Index -16.5% |
Unnamed: 0 1-Yr. | MSCI ACWI Index -10.7% | MSCI ACWI ESG Screened Index -11.3% | MSCI ACWI ESG Universal Index -10.7% | MSCI ACWI ESG Leaders Index -10.9% | MSCI ACWI ESG Focus Index -11.4% | MSCI ACWI SRI Index -9.1% |
Unnamed: 0 3-Yr. | MSCI ACWI Index 8.6% | MSCI ACWI ESG Screened Index 8.9% | MSCI ACWI ESG Universal Index 9.3% | MSCI ACWI ESG Leaders Index 8.9% | MSCI ACWI ESG Focus Index 9.3% | MSCI ACWI SRI Index 11.2% |
Unnamed: 0 5-Yr. | MSCI ACWI Index 8.4% | MSCI ACWI ESG Screened Index 8.6% | MSCI ACWI ESG Universal Index 8.9% | MSCI ACWI ESG Leaders Index 8.7% | MSCI ACWI ESG Focus Index 9.0% | MSCI ACWI SRI Index 10.7% |
Performance of the five MSCI ACWI ESG Indexes year to date
None | MSCI ACWI ESG SCREENED | MSCI ACWI ESG UNIVERSAL | MSCI ACWI ESG LEADERS | MSCI ACWI ESG FOCUS | MSCI ACWI SRI |
None | Build up | Cont. | Build up | Cont. | Build up | Cont. | Build up | Cont. | Build up | Cont. |
Total active | -0.61% | -0.16% | -0.54% | -0.04% | -0.89% | -0.46% | -0.42% | -0.21% | -2.79% | -0.53% |
Common factor | -0.47% | -0.25% | -0.21% | -0.11% | -0.89% | -0.36% | -0.13% | -0.22% | -2.21% | -0.02% |
Country | -0.02% | -0.03% | -0.07% | -0.02% | -0.03% | -0.02% | -0.03% | -0.06% | -2.02% | -0.16% |
Industry | -0.24% | -0.38% | -0.16% | -0.24% | -0.42% | -0.91% | -0.03% | -0.21% | -0.70% | -0.02% |
Risk indices | -0.21% | 0.10% | 0.02% | 0.33% | -0.50% | -0.53% | -0.05% | -0.36% | -1.53% | -0.52% |
Currency | -0.02% | 0.00% | -0.05% | -0.29% | -0.01% | -0.13% | -0.03% | -0.12% | -0.01% | -0.19% |
World | -0.02% | 0.00% | -0.05% | -0.29% | -0.01% | -0.13% | -0.03% | -0.12% | -0.01% | -0.19% |
Specific | -0.13% | 0.07% | -0.29% | 0.09% | 0.01% | 0.01% | -0.29% | -0.31% | -0.61% | 0.63% |
Rebalancing effect | 0.01% | 0.02% | 0.00% | 0.05% | 0.00% | 0.01% | 0.01% | 0.00% | 0.01% | 0.12% |
Unnamed: 0 | Industry Factors | Cumulative performance between January and July 2022 |
---|---|---|
Unnamed: 0 Top | Industry Factors Oil and gas exploration and production | Cumulative performance between January and July 2022 62.30% |
Unnamed: 0 Top | Industry Factors Oil and gas consumable fuels | Cumulative performance between January and July 2022 44.61% |
Unnamed: 0 Top | Industry Factors Energy equipment and services | Cumulative performance between January and July 2022 39.21% |
Unnamed: 0 Top | Industry Factors Integrated oil and gas | Cumulative performance between January and July 2022 27.13% |
Unnamed: 0 Top | Industry Factors Fertilizers and agricultural chemicals | Cumulative performance between January and July 2022 24.72% |
Unnamed: 0 Top | Industry Factors Aerospace and defense | Cumulative performance between January and July 2022 17.92% |
Unnamed: 0 Bottom | Industry Factors Retailing | Cumulative performance between January and July 2022 -7.00% |
Unnamed: 0 Bottom | Industry Factors Capital markets | Cumulative performance between January and July 2022 -8.00% |
Unnamed: 0 Bottom | Industry Factors Consumer durables and apparel | Cumulative performance between January and July 2022 -8.58% |
Unnamed: 0 Bottom | Industry Factors Real estate management | Cumulative performance between January and July 2022 -11.83% |
Unnamed: 0 Bottom | Industry Factors Media | Cumulative performance between January and July 2022 -11.97% |
Unnamed: 0 Bottom | Industry Factors Internet software and services | Cumulative performance between January and July 2022 -17.26% |
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