Showing 21 - 30 of 7,936 entries
Research PaperEncouraging Sustainable Growth with ESG Research
Over the last three years, the volatility in equity markets has led many investors to rethink their investment strategies and the companies they choose to invest in. Some investors have begun assessing ESG (Environmental, Social and Governance) risks and opportunities in order to make more informed decisions about the sustainable earnings growth of their investments.
Research PaperMSCI Real Estate Research Snapshot Part 1
Part 1 of this year’s MSCI Real Estate Research Snapshot is a compilation of our research published through the first half of 2020. At the start of the year we suggested that 2020 may prove to be a watershed year in terms of the way investors consider real estate as an asset class. On the face of it, it seems that due to the ongoing COVID-19 pandemic we may have been right, albeit for entirely different reasons. Download File Real_Estate_Research_Snapshot_2020_Part1.pdf
Research PaperResearch Insight - Can ESG Add Alpha?
Do institutional investors sacrifice risk-adjusted returns by incorporating ESG considerations? In this paper, we analyze two relatively high tracking error global strategies constructed using ESG data — a Tilt strategy and a Momentum strategy — and find that both model portfolios outperformed the MSCI World Index over the last eight years, while also improving the ESG profile of the portfolios. These backtested model portfolios show an example of how institutional investors with the...
WebcastMSCI ESG Research: Thematic Reports Launch
Environmental, Social and Governance (ESG) macro trends are shaping our future and may become material issues for companies and investors alike. ESG research and analysis across sectors remains fragmented and limited to a company or industry level. This makes it difficult to assess ESG risks and opportunities across the investment universe and / or across asset classes, and to answer thematic research questions such as: What are the key sectors most impacted by climate change, resource...
Research PaperMSCI Real Estate Research Snapshot Part 2
Part 2 of this year’s MSCI Real Estate Research Snapshot is a compilation of our research published through the second half of 2020 including research on missed rents impact on income and how COVID-19 has impacted infrastructure returns.
Research PaperJapan Equity Model (JPE3) Research Notes
In the decade since the release of the second version of the Japan Equity Model, JPE2, the Japanese market has witnessed a number of important changes stemming from the collapse of real estate prices, the steady decline in equity market valuations and several crises in the banking sector. These changes, along with the rapid evolution of technology and telecommunications, prompted us to undertake a thorough review of the modeling choices embedded in the JPE2 model. The...
Research PaperResearch Insight - Finding Value: Understanding Factor Investing
The perennial appeal of value investing is based on the excellent long-term performance of global value stocks. Investors today use various approaches to identify the exposure of stocks with “value” characteristics that help explain risk and return. In this Research Insight, we create a common definition of “value” and examine how value strategies can be implemented, in both active and passive portfolios, using three generations of value indexes as examples.
Research PaperResearch Insight - MSCI DIVERSIFIED MULTIPLE-FACTOR INDEXES
Maximizing Factor Exposure While Controlling Volatility May 2015 Multi-factor indexes are important tools for investors seeking diversified exposure to factors that have historically generated premia over long horizons. In this Research Insight, we examine the new MSCI Diversified Multiple-Factor (DMF) Index family. These indexes combine four well-researched factors — value, momentum, size and quality — with a control mechanism designed to keep volatility close to the level of the...
WebcastThe Controversial Weapons Landscape: Recent Regulations and Research Trends
Canada recently ratified the Convention on Cluster Munitions, becoming the 92nd State Party to the Treaty. An increasing number of institutional investors are looking to implement investment policies that exclude companies involved in the production of Cluster Munitions, as well as other types of so-called 'controversial weapons'. What constitutes a controversial weapon varies by region, country and institution, with some investors focusing on chemical and biological weapons, cluster...
Research PaperResearch Insight - Flight to Quality: Understanding Factor Investing
The quality factor has worked best in a "risk-off" market environment. Yet quality is not as well understood as other factors, despite being deeply embedded in Benjamin Graham’s value investing philosophy. In this Research Insight, we argue that the quality of a company can generally be evaluated along five key dimensions: Profitability, Earnings Quality, Financial Leverage, Asset Growth and Corporate Governance. Investors can replicate a variety of quality indexes, depending on their...