Extended-lister
Showing 441 - 450 of 476 entries
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Research Report
Reimagining Country InvestingEmerging Markets Indexes Developed Markets All Country Indexes
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MSCI Blog
Capital for Climate Action Conference: Key TakeawaysMSCI’s Capital for Climate Action Conference brought together leaders from a diverse group of global organizations to untangle the latest developments in the net-zero transition. Here are some of the biggest takeaways.
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Research Report
Model Insight - The Barra Private Real Estate Model (PRE2) Research Notes - May 2014Global private real estate represents significant opportunities for investors, but also major challenges, similar to global equity 30 years ago. A lack of information, and the smoothness of appraisal-based valuations, have left investors and risk managers guessing about the behavior of global real estate: a wide-range of speculation is commonplace, including the view that real estate is a low-risk, high-return diversifier. In this Model Insight, we shed light on this misunderstood asset...
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Research Report
A Liquid Benchmark for Private Real EstateCommercial real estate represents an important element of the asset allocation process but is difficult to access directly, with high barriers to entry and exit. Listed (or publicly held) real estate is far more liquid but these securities are far more volatile and incorporate an additional layer of leverage. Indexes tracking direct and listed real estate differ significantly in their calculation methodologies, making direct comparisons difficult. The MSCI USA IMI Liquid Real Estate Index...
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Research Report
Foundations of Dedicated China Allocations: Part 2Indexes Portfolio Management Analytics
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Research Report
Performance Attribution of Multi-Asset Class Portfolios using BarraOneThis paper focuses on BarraOne’s Performance Analytics solution and describes how we have modified standard performance attribution tools to address several interesting use cases which arise for increasingly popular multi-asset class investment strategies. The paper illustrates, through a practical case study, how the Visualization tool within the BarraOne Performance Analytics solution can be employed to understand the performance due to the allocation of capital both across different...
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Research Report
Foundations of ESG Investing – Part 1: How ESG Affects Equity Valuation, Risk and PerformanceMany studies have focused on the relationship between companies with strong ESG characteristics and corporate financial performance. However, these have often struggled to show that positive correlations — when produced — can in fact explain the behavior. This paper provides a link between ESG information and the valuation and performance of companies, both through their systematic risk profile (lower costs of capital and higher valuations) and their idiosyncratic risk profile...
Indexes ESG Products & Services Portfolio Management Analytics Risk Management Analytics
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Research Report
How ESG Affected Corporate Credit Risk and PerformanceEnvironmental, social and governance (ESG) investing is a very broad field with many different investment approaches addressing various investment objectives across asset classes. While there are many studies relating to ESG in equities, the risk assessment of ESG considerations within fixed income may be equally if not more important. Bonds have limited upside, but in a negative scenario, investors can potentially lose all their invested capital. At a top level, we can break down ESG...
ESG Products & Services ESG Ratings MSCI ESG Indexes
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Research Report
Indexing Change: Understanding MSCI Thematic IndexesThematic investing is a top-down approach that has become increasingly popular with both institutional and retail investors, whether in terms of investment philosophy or product development. In this paper, we review the concept of thematic investing and discuss the differences between it and the factor and ESG investment processes. We then lay out how we model various themes in order to build a rule-based index methodology that represents the performance of companies exposed to a certain trend.
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Research Report
Anatomy of Active PortfoliosIn constructing portfolios, asset managers expose the portfolio to factor tilts that greatly influence fund performance. Some of these exposures, which can provide sources of excess return, may be intentional but others may not. A manager who makes the wrong bet could be on the wrong side of history. Using MSCI’s Peer Analytics dataset, we examined the composition and performance drivers of active global funds through the lens of our Global Total Market Equity Model. Our key finding: Exposure...
Indexes Portfolio Management Analytics