Showing 41 - 50 of 460 entries
Research ReportThe Road Toward a Seamless Global Real Estate Portfolio
Real estate investors can analyze performance of direct real estate in detail. However, listed real estate, which includes public REITs, rarely offers detailed data, making it challenging to monitor a portfolio consisting of both private and public assets. Two developments are focusing issue: 1) real estate will constitute a new GICS® sector as of August 31 and 2) many asset owners seek to globalize their real estate portfolios: adding international listed securities is a simple and...
Research ReportIntroducing the Multi-Portfolio Attribution Model in BarraOne
This Product Insight introduces the Multi-Portfolio Attribution model in BarraOne. For Asset Owners investing in pension plans, Asset Managers investing in asset allocation portfolios and fund-of-fund managers who all invest across multiple asset classes, strategies and managers, the model captures the following results in a single analysis: the performance of both the Strategic Asset Allocation (SAA) and the investment portfolio; how much value was added by tactically deviating from the...
Research ReportFoundations of ESG Investing – Part 3: Integrating ESG into Indexed Institutional Portfolios
According to recent surveys, asset owners’ have shifted their main focus to ESG’s financial benefits, as opposed to social benefits. In the third part of this paper, we discuss how ESG can be integrated into indexed allocations using MSCI ESG Ratings, which provided better risk-adjusted returns from August 2010 to December 2017 than the MSCI ACWI Index. We used existing best-in-class selection-based index methodologies (the MSCI ESG Leaders Index) for the creation of hypothetical global and...
Research ReportWomen on Boards: Global Trends in Gender Diversity
Many institutional investors are increasingly focused on the gender composition of company boards. Our latest research shows that companies in the MSCI World Index with strong female leadership generated a Return on Equity of 10.1% per year versus 7.4% for those without, as of September 9, 2015, though we could not establish causality. We found that companies lacking board diversity suffered more governance-related controversies than average. Global asset owners are promoting a 30% global...
Support Site VideoMulti-Portfolio Attribution Across All Asset Classes, Strategies, Managers And Fund-Of-Funds
Research ReportThe MSCI Minimum Volatility Indexes: 10 Years On
2018 marked the 10-year anniversary of the MSCI Minimum Volatility Indexes. Launching just prior to the global financial crisis, which caused sharp equity market falls, and the indexes’ behavior “out-of-sample” since launch have led to adoption by a large number of asset owners and the indexes’ serving as the basis for a wide range of ETFs that have gathered significant assets. Here, we contrast 10 years of live data with the previous 10 years of backtesting, investigating changes in the...
MSCI BlogDid private capital deliver?
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?
Research ReportMSCI Multi-Asset Class (MAC) Factor Model Validation
The MSCI Multi-Asset Class (MAC) Factor Model introduces several major advances in risk modeling, including systematic MAC strategy factors, a next-generation fixed income model, and improved equity models. This document demonstrates the value of the MSCI MAC Factor Model in forecasting risk, based on (1) visual inspection of the risk forecasts and realized returns, and (2) statistical tests. The MSCI MAC Factor Model is evaluated on an absolute (stand-alone) basis, and is also compared with...
MSCI BlogThe Erosion of the Real Estate Home Bias
As an asset class, real estate typically has a high degree of home bias, especially when compared to equities and fixed income. However, this home bias is starting to erode, with asset owners in most countries already investing internationally or actively exploring options for building off-shore exposures.