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MSCI Blog

ESG and the cost of capital

Feb 25, 2020 Ashish Lodh

We know a lot about the relationship between companies’ ESG characteristics and financial performance. But was there a correlation between ESG scores and cost of capital?

MSCI Blog

The coronavirus epidemic: Implications for markets

Feb 12, 2020 Zhen Wei, Jun Wang, Thomas Verbraken

The toll from the coronavirus has been felt throughout societies, leading to repercussions on the global economy and financial markets. We examine investor impact through markets’ economic exposures to China and factors and by stress testing portfolios.

Research Paper

ESG investing in emerging markets

Feb 11, 2020 MARSHALL Ric, NAGY Zoltan, SERETIS Panos

Recent MSCI studies have shown historical positive correlation between environmental, social and governance considerations and corporate financial performance. Has this pattern held in emerging-market equities?

MSCI Blog

Aramco IPO shows importance of timely index inclusion

Feb 4, 2020 Saurabh Katiyar

Saudi Aramco’s IPO showed why single-country index providers may sometimes need to include companies (especially larger ones) outside of scheduled reviews, as they work to bridge gaps between a country’s equity index exposure and economic drivers.

MSCI Blog

Did private capital deliver?

Jan 30, 2020 Yang Liu, Oleg Ruban

Private-capital funds enjoyed record inflows from 2014 to 2018, as asset owners sought high-returning assets that had low correlations to traditional public asset classes. Did private capital deliver?

MSCI Blog

Trade deal broadened access to China’s nonperforming loans

Jan 29, 2020 Jian Chen, Yini Yang

The phase-one U.S.-China trade deal lets U.S. asset managers acquire nonperforming loans directly from Chinese banks. We assess the market’s characteristics, as investors face challenges estimating recovery rates and liquidation timing of these loans.

Research Paper

2020 ESG trends to watch

Jan 13, 2020 LEE Linda-Eling, MARSHALL Ric, EASTMAN Meggin Thwing

We highlight five trends we believe will unfold over 2020: Climate change innovators: spotting the sleeping giants; new terms for capital: ready or not, here comes ESG; Re-valuing real estate: investing in the eye of the hurricane; the new human capital paradox: Juggling layoffs and shortages; and keeping score on stakeholder capitalism: looking for accountability in all the new places.

Research Paper

Factors and corporate bonds: Single- and multi-factor approaches to corporate credit

Jan 6, 2020 VARSANI Hitendra, JAIN Vipul, MENDIRATTA Rohit

Could factor investing offer a risk-return edge in USD investment-grade corporate credit? We simulated the past performance of six fixed-income factors — value, low size, quality, momentum, carry and low risk — that broadly align with MSCI’s equity factors.

A new day for monetary policy

A new day for monetary policy

Andy Sparks discusses the dovish stance of the Fed and other major central banks.

How can active managers put ESG to work?

How can active managers put ESG to work?

Many active managers are concerned that using ESG data might disturb investment  processes or introduce unintended biases. What’s the evidence?

Why are small caps different?

Why are small caps different?

Apart from size, what distinguishes global small-cap stocks from their large- and mid-cap counterparts?