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MSCI Blog

Would Integrating ESG in Chinese Equities Have Worked?

Jul 7, 2020 Naoya Nishimura, Shuo Xu

ESG ratings have reflected financial risk and returns in developed-market and emerging-market equities. But was this true in China, where ESG considerations are still in their infancy?

Did Value-Factor Exposure Deliver for Value Funds?
MSCI Blog

Did Value-Factor Exposure Deliver for Value Funds?

Jun 29, 2020 Saurabh Katiyar, Ashish Lodh, Vishad Bhalodia

Building on previous MSCI research into the nuanced performance of the value factor, including the impact of sectors and other style factors, we look at how exposure to value drove the performance of actively managed value funds.

MSCI Blog

ESG Ratings: How the Weighting Scheme Affected Performance

Jun 29, 2020 Zoltán Nagy, Linda-Eling Lee, Guido Giese

Our recent research suggests that environmental and social issues were more industry specific and tended to show up in financial measures over a longer time frame compared to governance issues. How can E, S and G issues be combined?

Research Paper

Managing Climate Risk in Investment Portfolios

Jun 26, 2020 NAGY Zoltan, Rauis BRUNO

How can active managers integrate climate risk in their portfolios? We test four simple exclusion strategies on a sample global equity portfolio, examining their impact on the risk, return and market exposures.

MSCI Blog

Which ESG Issues Mattered Most? Defining Event and Erosion Risks

Jun 22, 2020 Guido Giese, Zoltán Nagy, Linda-Eling Lee

Very different ESG issues can be material for different industries. Our research suggests that risks can be divided into two main types: “event” risks and “erosion” risks to companies’ long-term competitiveness. Which ones mattered most for E, S and G?

Research Paper

Engaging Companies on Palm Oil Deforestation

Jun 22, 2020 HU Jingmin, SHIBANO Yukie, KIM SK

Top palm oil buyers and producers have set zero-deforestation goals, with many committing to achieve this target by 2020. This paper introduces MSCI’s data and research in this area.

MSCI Blog

Is ESG All About the ‘G’? That Depends on Your Time Horizon.

Jun 15, 2020 Linda-Eling Lee, Guido Giese, Zoltán Nagy

The conventional wisdom has it that governance is the most dominant of the three E, S and G pillars. But our analysis finds different results when looking at contribution to performance over different time horizons.

Research Paper

Deconstructing ESG Ratings Performance: Risk and Return for E, S And G by Time Horizon, Sector and Weighting

Jun 15, 2020 GIESE Guido, NAGY Zoltan, LEE Linda-Eling

How are environmental, social and governance (ESG) ratings constructed? Which indicators are the most important in assessing ESG characteristics? Does the answer vary by sector? This foundational paper examines the impact on financial performance of two types of ESG indicators: the individual E, S and G pillars scores and the underlying ESG Key Issue scores.  

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?