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    APAC Climate Action Progress Report

    Research Report | May 28, 2024 | Xiaoshu Wang, Jakub Malich, S.K. Kim, Anthony Chan, Kuldeep Yadav, Siyao He, Feifan Huang, Kenji Watanabe

    APAC firms are increasingly disclosing value-chain emissions and climate targets, reflecting progress in climate transparency. Smaller companies, however, lag in this area, and potentially face growing investor and regulatory pressure for disclosures. 

    How Prepared Are Markets for a Low-Carbon Transition?

    2 mins read Quick Take | May 27, 2024 | Manish Shakdwipee

    With climate change amplifying, global markets are facing uneven readiness for the low-carbon transition. A capital shift from emission-intensive assets to zero-carbon alternatives could redefine market performance and business winners. 

    High Speeds in Slow Lanes: A Deep Dive into Ginnie Mae VA Loans

    7 mins read Blog | May 24, 2024 | Yihai Yu, Yao Zhang

    Despite the recent pause in the Federal Reserve’s aggressive monetary tightening, rates remain at their current high level and refinance risk has emerged in Ginnie Mae securities made up of loans backed by the U.S. Department of Veterans Affairs. 

    Stop! In The Name Of Sustainability Funds (i.e., ESMA’s New Guidelines)

    Podcast | May 24, 2024 | Meggin Eastman, Simone Ruiz-Vergote

    Maybe a rose by any other name would smell as sweet, but that’s not going to fly for sustainability funds in the EU. On this episode we break down ESMA’s latest fund guidelines and discuss their place in a regulatory landscape with all kinds of moving pieces.

    Emerging Markets Boost Global Equity Supply

    2 mins read Quick Take | May 24, 2024 | Rohit Gupta, Stuart Doole

    The global number of publicly traded firms has grown steadily for more than two decades, but not consistently across regions. The variations in supply patterns have translated to differences in buyback yields and EPS growth rates.

    Asia-Pacific Leans into Developing Low-Carbon Technology

    2 mins read Quick Take | May 23, 2024 | Kuldeep Yadav, Kenji Watanabe

    Based on MSCI Low Carbon Patent Scores, Asia-Pacific companies are leading the charge in low-carbon technology, with superior patent-quality scores in renewable-energy and energy-efficiency technologies.

    The Best Time to Plant a Tree Is 20 Years Ago

    Podcast | May 23, 2024

    How does Adam Gibbon of AXA IM balance climate impact with investment results? We get his take on the voluntary carbon markets, and how he assesses potential opportunities for his fund’s portfolio.

    IRA Boosts US Utilities’ Plans to Grow Renewables and Storage

    6 mins read Blog | May 22, 2024 | Mathew Lee

    U.S. utilities are increasing investments in solar, wind and battery installations. Investors can learn more about a company’s transition strategy from these energy-generation plans than from tracking past performance on emissions. 

    Opportunities Through Nature-Based Solutions in APAC, but Shortage of Projects

    2 mins read Quick Take | May 21, 2024 | Siyao He, Jurgita Balaisyte

    Nature-based solutions have emerged as a potential tool in the battle against climate change. We explore their viability in the APAC region.

    Revenge of the Appraiser: The Power of Valuations

    5 mins read Blog | May 20, 2024 | Willem Vlaming

    Getting a read on price change during a deal drought is paramount for commercial-property investors. Can valuation-based indexes buttress transaction-based gauges of pricing in turbulent times? 

    Can Airlines Go Green?

    Podcast | May 17, 2024 | Michael Disabato, Gabriela de la Serna

    Airlines are part of a hard to abate industry for a reason, as there is not one straightforward path to decarbonization. In this episode, we discuss the options that airlines have to reduce their direct emissions in the coming decades – and we tell you which ones are more likely to be more viable.

    Voluntary Carbon Markets — the APAC View

    2 mins read Quick Take | May 17, 2024 | Anthony Chan, Jamie Lambert

    Amid the debate over the voluntary carbon market’s role in corporate decarbonization, we investigated trends in the Asia-Pacific region. Which are the markets leading the way and what role are the region’s authorities playing? 

    Real Assets in Focus: Are We Nearly There Yet?

    5 mins read Blog | May 15, 2024 | Will Robson, Niel Harmse, Fritz Louw, Willem Vlaming

    Investors are still waiting for a recovery in commercial real estate. We outline the state of play in early 2024 and identify potential signposts for an upturn in the asset class.  

    APAC's Climate Transparency Journey — Uneven Progress

    2 mins read Quick Take | May 15, 2024 | Kenji Watanabe, Siyao He

    What’s behind the varying emissions-disclosure rates across the APAC region? We assessed the individual markets to see who’s making progress and also analyzed the numbers by market capitalization.

    How Making Agency Mortgage-Backed Securities Portable May Impact Housing and Mortgage-Backed Securities Investors

    Research Report | May 14, 2024 | David Zhang, Yihai Yu, Joy Zhang

    Mortgage portability would enable borrowers in the U.S. to move their mortgages from their current homes to new homes. How could it affect portfolios of mortgage-backed securities? Our new paper appeared in the Journal of Fixed Income. 

    Spirits of Change: Alcohol in a Dry World

    Podcast | May 10, 2024 | Michael Disabato, Cole Martin

    Alcoholic beverage companies are trying to navigate through a changing world, one where tastes are evolving, and resources are getting scarcer. In this episode, delve into the significant challenges and innovative strategies the alcoholic beverage industry is employing to combat this shift in drinking trends.

    Step Right Up for the Voluntary Carbon Markets!

    Podcast | May 9, 2024 | Juana Hernandez, Theresa Bodner

    The carbon markets allow companies to purchase credits to offset their carbon footprint until long-term reduction plans become a reality. We take a look at these markets and try to understand how they impact investors, companies and our future.

    Can Crowding Scores Quantify US Stocks’ Fragility?

    6 mins read Blog | May 8, 2024 | Donald Sze, Stuart Doole

    Instead of a predicted recession, U.S. equity markets have soared since 2022, and a few mega-cap technology stocks dominated the market. We analyze the most- and least-crowded market segments to help investors prudently monitor their portfolios. 

    Are Subscription Lines of Credit Still Worth the Cost?

    2 mins read Quick Take | May 8, 2024 | Patrick Warren

    Subscription lines of credit have become widespread across buyout, private-debt and real-estate funds, but elevated interest rates are prompting investors to reassess their sub lines’ value. How much has it cost funds to service this debt?

    Foundations of Dedicated China Allocations: Part 4

    Research Report | May 6, 2024 | Zhen Wei, Cheng Lyu

    Although Chinese equities generally performed poorly from 2021 through 2023, certain dedicated China funds earned double-digit annualized returns. We propose a three-layer framework to help demystify the drivers of excess returns in the China market. 

    Carbon Footprinting Demystified

    Research Report | May 1, 2024 | Carrie Wang, Guido Giese, Xinxin Wang

    Assessing the carbon footprint of a portfolio is the first step in addressing the investment implications of climate change. But in a complex and fast evolving landscape, which are the best metrics and underlying inputs to use?  

    Trends in Emerging-Market Sovereign Bonds

    Research Report | Apr 30, 2024 | Ray Wang, Afsaneh Mastouri

    Sovereign bonds from emerging markets constitute a substantial proportion of the global asset universe. We look at the MSCI Emerging Markets Sovereign Bond Index to assess issuance trends, credit quality and other characteristics of index constituents. 

    Private Assets in Focus: Senior Debt on Top; PE Distributions Up

    2 mins read Quick Take | Apr 30, 2024 | Keith Crouch

    Senior-debt funds led 2023 private-asset performance, followed by mezzanine debt. We summarize the leaders and the laggards from the Q4 2023 update of the Burgiss Manager Universe, and chart the trend in private-equity distributions.  

    Investment Trends in Focus: Quarterly Roundtable Q2 2024

    Podcast | Apr 25, 2024 | Luis O’Shea, Laura Nishikawa, Anil Rao, Ashley Lester

    Our panel discusses what’s happening in public equity markets, the importance of governance and of sustainable investing more broadly, as well as the growing world of private assets, including private credit and the ways in which these assets might come to resemble their public counterparts more than they do today.

    Factor and Sector Behavior Across Macro Regimes

    5 mins read Blog | Apr 24, 2024 | Ashish Lodh

    Over the last nearly 50 years, changes in interest rates have had a more pronounced impact on the performance of factor and sector indexes than the rate level itself. Insights from these findings may be helpful in realigning portfolios to a shifting macro view. 

    Bridging Greenhouse to Greenbacks: Renewables’ Returns in Private Funds

    5 mins read Blog | Apr 24, 2024 | Abdulla Zaid

    In recent years, there has been a notable shift in private investments in energy. Understanding these trends and the financial side of renewable investments may be key for investors looking to allocate private money to energy-transition opportunities. 

    AI is Diagnosing and Texas is Burning

    Podcast | Apr 19, 2024 | Namita Nair, Mathew Lee

    Everyone is talking about AI, but on today’s episode we focus on the technology’s potential to disrupt health care. Then, we switch things up to look at how wildfires are exacerbating physical, legal and financial risks for electric utilities in the U.S.

    Is Say-on-Climate Losing Steam?

    2 mins read Quick Take | Apr 17, 2024 | Harlan Tufford, Florian Sommer, Gül Demirtaş, David Muirhead

    As proxy season nears, investors looking at how companies in their portfolios are working toward establishing and meeting climate goals may find it useful to note trends around shareholder say-on-climate proposals. 

    Climate Glidepaths for Energy Portfolios

    6 mins read Blog | Apr 16, 2024 | Juan Sampieri, Afsaneh Mastouri

    Sustainable investing often necessitates reducing portfolio emissions. But adding emission-reduction targets requires a careful navigation of market complexities and risk considerations alongside sustainability objectives. Could using a climate glidepath help? 

    Deglobalization and Megatrends: Time to Check Your Diversification?

    2 mins read Quick Take | Apr 15, 2024 | Rohit Gupta

    A global equity portfolio may not be as broadly diversified as it appears. Understanding how deglobalization and megatrends are impacting regions, industries and asset classes can help in designing a portfolio with the desired diversification profile. 

    Pondering Peak Emissions in China

    Podcast | Apr 12, 2024 | Siyao He, Cody Dong

    Coal still makes up a big cut of China’s energy mix. But the country’s growth in renewables is undeniable. As climate targets are laid down and climate change accelerates, figuring out China’s emissions trajectory will be tricky. And that’s OK – we love a tricky discussion.

    Removing Old King Coal's Crown ... Slowly

    Podcast | Apr 11, 2024 | Manish Shakdwipee, Elchin Mammadov

    Abruptly shutting down all the coal-fired power plants may appeal to some, but there would likely be unintended consequences for investors, as well as plant employees and those who live where the plants are located. A managed coal phaseout with specific target dates and actions may create a level of certainty for all involved.

    Global Issuer Engagement on MSCI ESG Ratings Continued to Rise

    2 mins read Quick Take | Apr 11, 2024 | Emma Wu, Feifan Huang

    Corporate issuers around the globe and across the market spectrum are increasingly seeking information, offering feedback and sharing updates related to sustainability, governance and climate-related data. Where has interest been focused?  

    Talking Taxes This Week? Plan Now for 2024

    2 mins read Quick Take | Apr 9, 2024 | Joseph Wickremasinghe

    Tax-loss harvesting is one strategy individual investors can use to help reduce tax liability and improve after-tax return. It may result, however, in high turnover and tracking error, lowering return. Balancing these factors for each taxpayer is key. 

    Biodiversity Risks and Opportunities in Asia Pacific

    Research Report | Apr 8, 2024 | Jurgita Balaisyte, S.K. Kim, Kuldeep Yadav

    The Asia Pacific region is at the heart of the global biodiversity crisis. Using MSCI ESG Ratings, we assess APAC companies on their exposure to biodiversity risks. But these risks may also offer opportunities to address the impacts of biodiversity. 

    Long-Term Performance of MSCI ESG Ratings in APAC Equity Markets

    5 mins read Blog | Apr 8, 2024 | Manish Shakdwipee, Drashti Shah, Guido Giese

    Over the long term, companies with higher MSCI ESG Ratings have outperformed in the Asia Pacific equity markets. Among the three pillars, governance demonstrated the highest outperformance, followed by the social and environmental pillars. 

    Does Your Board Need a Climate Superstar?

    Podcast | Apr 5, 2024 | Florian Sommer

    For some investors, having a climate-savvy director on a company’s board may seem like a non-negotiable. But data from some of the world’s biggest greenhouse gas emitters shows that successful climate governance is complex and may require more than just pinning your hopes on a climate superstar.

    Markets in Focus: Regional Markets, Credit and Cash on the Move

    6 mins read Blog | Apr 2, 2024 | Anil Rao, Dinank Chitkara, Andy Sparks

    Investors contemplating putting their cash to work over the balance of 2024 may wish to consider the impacts of the changing equity-credit relationship and growing regional disparities as they revise their allocations. 

    Macro Scenarios in Focus: Are US Markets Priced for Perfection?

    8 mins read Blog | Apr 2, 2024 | Dora Pribeli, Will Baker, Thomas Verbraken

    Global forecasters have recently suggested that the world economy is headed for a soft landing. Our latest market stress test looks at how this and other, less benign scenarios could affect a multi-asset-class portfolio in the coming months. 

    Children are still in the Cocoa Field

    Podcast | Apr 2, 2024 | Michael Disabato, Cole Martin

    This week we provide an update to our March 2022 episode titled Children in the Cocoa field that explored the growing problem of child labor in cocoa harvesting. And the attempt by Nestlé to use money and enhanced mapping technology to combat its prevalence. It sounds bleak, but it was a great story about how technology is allowing for better transparency in our world's supply chain.

    Are Audit Firms Spread Too Thin?

    6 mins read Blog | Mar 28, 2024 | Jonathan Ponder, Ahasan Amin

    The auditing industry is facing several challenges, including fee concentration and a decline in practicing accountants. We assess the current state of play to identify potential areas of concern and the impact these could have on investors.

    Indian Firms Advance in Financially Pertinent Sustainability Risks

    4 mins read Blog | Mar 26, 2024 | Dinank Chitkara, Manish Shakdwipee

    Indian firms have made notable strides in managing their financially relevant sustainability risks over the last five years. Understanding their progress could offer valuable insights to investors in India’s equity market.    

    Wave of Property-Loan Maturities Amplified by Extensions

    2 mins read Quick Take | Mar 26, 2024 | Alexis Maltin

    Higher interest rates and a pricing slump have challenged the refinancing of commercial-property debt. We calculate the volume of U.S. loans likely extended from 2023 and chart the lenders behind the slate of maturities starting in 2024. 

    Investor Pressure May Help APAC Companies Minimize Asset-Stranding Risk

    7 mins read Blog | Mar 25, 2024 | Elchin Mammadov, Manish Shakdwipee

    A managed coal phaseout could help power generators reduce asset-stranding risk and help countries achieve their decarbonization targets. What might this mean for utilities companies and why might active engagement be the way forward for investors? 

    Unwrapping the Green Claims of Plastic Packaging

    Podcast | Mar 22, 2024 | Samuel Block

    Plastic is an inescapable reality of the modern world. But trading off its convenience and versatility for environmental and health impacts is getting harder. Companies that make or rely on plastic are being pushed to improve recyclability and reuse. And as tempting as it is to believe everything you read on a label, it looks like the road to a genuine circular economy is still going to be a little bumpy.

    Beyond the Name Game: Focus on Fundamentals

    5 mins read Blog | Mar 21, 2024 | Anil Rao, Thomas Verbraken

    Name recognition of highflying stocks, as well as their performance, can be brief. The enduring value of thematic and fundamental analysis is the ability to uncover the macroeconomic and business dynamics that influence long-term stock returns.  

    Are US Treasurys Sensing a Risk Equities Aren’t?

    2 mins read Quick Take | Mar 21, 2024 | Dinank Chitkara

    The wide gap in U.S. T-bill and equity volatility levels appears to reflect varying perceptions of risk. The historically low hedging premium implies a lower cost to insure against higher equity volatility, should that be the scenario that unfolds.

    In the Name of Climate: Private vs. Public Funds

    6 mins read Blog | Mar 19, 2024 | Abdulla Zaid, Rumi Mahmood

    In recent years, there has been a surge in climate-related names within both public and private funds, but their focus is often on different areas. We analyze the numbers to identify key trends and provide investors with greater clarity.

    The SEC Tests out the Climate

    Podcast | Mar 15, 2024 | Michael Disabato, Zohir Uddin, Mathew Lee

    The SEC’s climate disclosure rule is finally here. It’s been a journey, one akin to a film drama full of plot twists, cliff hangers and edge of the seat moments. So in honor of the drama, this week we do a film review of sorts on this wide reaching regulation - going into the plot, the actors involved, and how the industry is likely to be affected by it.

    Have Corporate Reforms in Japan Unlocked Shareholder Value?

    6 mins read Blog | Mar 14, 2024 | Naoya Nishimura, Moeko Porter

    Regulatory reform has been one of the forces boosting the Japanese equity market’s performance over the last two years — but capital efficiency and margins still disappoint. Improving these metrics may be key to further improvement in the market.  

    The Inevitable AI Episode

    Podcast | Mar 14, 2024 | Andrew DeMond, Peter Shepard

    Since ChatGPT's debut less than 18 months ago, artificial intelligence has dominated headlines, and excitement and apprehension now surround its entry into the world of finance and investment. But just what are the expectations and misconceptions?

    Long-Term Performance of MSCI ESG Ratings in European Equity Markets

    5 mins read Blog | Mar 11, 2024 | Guido Giese, Drashti Shah

    Based on a quintile analysis for MSCI ESG Ratings for the MSCI Europe Index, we found that companies in the highest quintile have consistently outperformed those in the lowest quintile since 2013, when these ratings were first introduced. 

    Returns for European Property Fell as Office Weakened

    2 mins read Quick Take | Mar 11, 2024 | Tom Leahy

    Returns for commercial real estate covered by the MSCI Europe Quarterly Property Index deteriorated at the end of 2023, dragged down by the office market, where capital values fell 13.9% for the year.

    What the SEC’s New Climate Disclosure Rules Could Mean for Companies and Investors

    6 mins read Blog | Mar 8, 2024 | Mathew Lee

    The Securities and Exchange Commission (SEC) have finally unveiled their plans for climate-related disclosures. The rules may create more transparency for investors and help narrow the disclosure gap between the U.S. and other developed markets.  

    Women on Boards and Beyond

    Podcast | Mar 8, 2024 | Linda-Eling Lee, Christina Milhomem, Gabriela de la Serna

    We have been reporting on board’s gender diversity since 2009, and while progress has undoubtedly been made, the road ahead is still long. Linda-Eling Lee from MSCI’s Sustainability Institute tells us why we started compiling this report in the first place, and how it has managed to remain relevant in 2024. Then, our colleague Christina Milhomem tells us what the numbers say- what has or hasn’t changed, which regulations are coming our way- and why investors should think of diversity as an indicator of management oversight.

    Not Every Bank Is at Risk from CRE Lending

    Research Report | Mar 7, 2024 | Jim Costello, Alexis Maltin

    U.S. commercial-property prices are falling, and many are fearful of the impact on the broader financial system. We identify the segment facing the sharpest price drops and examine the exposures of banks of all scale as well as other key sources of financing. 

    Going Where the Talent Is

    5 mins read Blog | Mar 7, 2024 | Christina Milhomem

    Having the right mix of skills, experience and perspectives at the top could make the difference between companies getting ahead or falling behind. In our analysis of diversity across boards, c-suites and executive teams, “diverse leadership” has begun to emerge. 

    Jim Costello Explains it All (About Commercial Real Estate)

    Podcast | Mar 7, 2024 | Jim Costello

    Jim Costello, one of our guests for last week’s episode on the current state of commercial real estate (link below), is one of the industry’s most sought-after speakers — and with good reason. In today’s bonus episode, we present host Adam Bass’s complete conversation with Jim.

    ESG and Climate In Focus: 2023 Index Performance Review

    6 mins read Blog | Mar 6, 2024 | Guillermo Cano, Xinxin Wang

    A bright spot in an often-tumultuous 2023 was the ability of the MSCI ESG and Climate Indexes to meet or exceed their stated objectives, which ranged from maximizing ESG score to reducing carbon emissions.  

    Micro-Cap Crowding and Liquidity Crunch in China Quant Funds

    2 mins read Quick Take | Mar 6, 2024 | Cheng Lyu, Zhen Wei

    Since early January, several forces, including leverage and crowded longs in small- and micro-cap stocks, have contributed to a mini liquidity crisis among some quantitative mutual and hedge funds in China.

    Unpacking COP28 Commitments to Renewable Energy and Energy Efficiency

    Research Report | Mar 4, 2024 | Kenji Watanabe, Anthony Chan, Kuldeep Yadav, Siyao He, Sylvain Vanston

    Scaling up renewable-energy and energy-efficiency solutions are key steps in driving the transition away from fossil fuels in energy systems. Our analysis of low-carbon patents, fuel mix and renewable-energy targets may help identify where the opportunities lie. 

    MSCI ESG Ratings in Global Equity Markets: A Long-Term Performance Review

    Research Report | Mar 1, 2024 | Guido Giese, Drashti Shah

     Controlling for sectors, regions and company size, we assessed the financial performance of MSCI ESG Ratings in global and developed markets and found that companies with higher ratings outperformed their lower-rated counterparts over the long term.

    Did you get the memo? There's more to commercial real estate than office space.

    Podcast | Feb 29, 2024 | Tom Leahy, Jim Costello

    When it comes to commercial real estate, much of the attention of investors and the financial press has focused on the state of the office sector, which has been hurting. And while real concerns exist, there are also potential opportunities across and within the various real-estate sectors. 

    Mexico: A Hot Spot for ‘Shoring’

    5 mins read Blog | Feb 28, 2024 | Abhishek Gupta

    Mexico’s strong economic ties and geographic proximity to the U.S. are helping make it a top global destination for U.S. and other foreign companies’ new and relocated industrial operations, as well as strengthening many of its domestic companies.  

    ExxonMobil’s Legal Parry

    Podcast | Feb 23, 2024 | Harlan Tufford

    ExxonMobil filed a legal complaint against two of its own shareholders, who were hoping to put a climate-related proposal to a vote at the company’s upcoming AGM. We discuss why it’s a decision that could have consequences for the wider shareholder community and the companies they invest in.

    Labeled Bonds: Quarterly Market Overview Q4 2023

    Research Report | Feb 21, 2024 | Jakub Malich, Anett Husi

    We assess the latest trends in labeled bonds, from the overall market to specific bond and issuer characteristics, to identify key developments in the rapidly growing and increasingly diverse labeled-bond market. 

    Women on Boards and Beyond: 2023

    Research Report | Feb 20, 2024

    Our annual report highlights trends across markets and sectors for large- and mid-cap companies and provides an overview of the state of diversity on boards and in other corporate leadership roles.

    The Luxury of Love

    Podcast | Feb 16, 2024 | Michael Disabato, Liz Houston

    Valentine’s Day is replete with marketing by luxury brands attempting to capture the eyes of anxious lovers wanting to do right by their partners during the holiday. But what can you know about the product you’re buying from a luxury company? Can you know where its raw materials are sourced? Or where that material is produced? And who’re running these luxurious companies? We discuss all this and more on this week’s episode of ESG now.

    Outlook for the Global Biochar Market

    5 mins read Blog | Feb 15, 2024 | MSCI Carbon Markets

    We consider the outlook for the global biochar market, highlighting the increased demand for biochar carbon credits. What are biochar’s potential benefits and challenges in carbon removal, economic implications and role in global markets? 

    I Fought the Fed, and the Fed Won

    Podcast | Feb 15, 2024 | Andy Sparks

    With inflation down — though stubborn —and markets still digesting Fed Chair Jerome Powell’s statements after the latest meeting of the FOMC, Andy Sparks, MSCI’s head of portfolio-management research, assesses where we stand in the give and take between central banks and markets. 

    Mapping the Revenue Sources of India’s Equity Market

    2 mins read Quick Take | Feb 15, 2024 | Rohit Gupta

    Countries, sectors and industries that combine higher international revenues and a manufacturing orientation tend to be more export-driven and are likely beneficiaries of the trend toward deglobalization. What’s the case in India’s equity market?

    One Size Does Not Fit All in the Office Market

    4 mins read Blog | Feb 14, 2024 | Jim Costello

    Prices have fallen sharply for the U.S. office market, but it would be a mistake to assume that all assets face the same challenges. We examine where buyers and sellers sit on pricing to estimate the extent of owners’ potential losses. 

    EAFE ADRs vs. Shares: How Do They Compare in Tax Efficiency?

    7 mins read Blog | Feb 13, 2024 | Joseph Wickremasinghe

    Wealth managers, interested in adding EAFE equity exposure to a U.S. client’s portfolio but concerned about the potential tax implications? We compared the tax efficiency of EAFE ADRs and shares of the underlying securities.  

    Is Greenium Evaporating in USD Corporate Bonds?

    5 mins read Blog | Feb 9, 2024 | Jakub Malich, Matteo Petrovich, Michael Ridley, Anett Husi

    With the market for sustainable (or labeled) bonds growing rapidly, we assessed their value relative to conventional bonds and found they consistently exhibited a green premium, or “greenium,” though it did diminish over time.

    Cyber Catastrophe Bonds… Wait, What?

    Podcast | Feb 9, 2024 | Federico Darakdjian

    The stakes on data protection and privacy are only getting higher. Hacks, breaches and data leaks are becoming bugbears of the modern corporate world. Insurers offer products for cyber-related incidents, but in a complex, evolving risk landscape, there are a lot of asterisks. We take a look at the current cyber insurance market, and how insurers are de-risking their positions through cyber catastrophe bonds.

    Real Assets in Focus: Grappling with Higher Interest Rates

    6 mins read Blog | Feb 8, 2024 | Tom Leahy

    A rapid rise in interest rates globally rocked the commercial-property market in 2023. We chart the impact on pricing and transaction activity, and discuss what could aid a revival in dealmaking.

    What’s Been Driving the Carbon Footprint of the MSCI Climate Action Indexes?

    6 mins read Blog | Feb 8, 2024 | Xinxin Wang, Guillermo Cano, Manish Shakdwipee

    We take a deep dive into the financed-emissions intensity of the MSCI Climate Action Indexes by isolating the effect of various decarbonization drivers to offer a comparative perspective against their parent indexes.

    Red Sea Disruptions Could Dampen the European Economy

    2 mins read Quick Take | Feb 7, 2024 | Dora Pribeli, Thomas Verbraken

    What impact could the troubles in the Red Sea have on Europe’s economy and interest rates? We assess the downside risks related to surging freight costs.

    Pulling Back the Curtain on Emissions Reporting in Private Markets

    5 mins read Blog | Feb 5, 2024 | Abdulla Zaid

    With private investments set to play a major role in the transition toward net-zero, we assess the state of emissions reporting in private markets relative to public markets and identify the reporting disparities across asset classes, regions and sectors. 

    The Audit World on Fire

    Podcast | Feb 2, 2024 | Michael Disabato, Jonathan Ponder

    Audit firms have been under scrutiny lately after scandal and concern has led some to worry the vital industry is in trouble. To understand whether fears around an auditor are credible, one must understand how to assess auditor quality. In this episode, we teach you how to assess an audit firm, and answer the question that some are posing: is there a crisis in the audit industry?

    Remapping the Investment World

    Podcast | Feb 1, 2024 | Manish Shakdwipee, Rohit Gupta

    For global investors, the idea of individual country or market allocations isn’t new. But in today’s world, with a dynamic geopolitical map, the rewiring of supply chains and a greater focus on sustainable investing, it may be time for a new approach. 

    Fixed Income Markets in Focus: Bonds in 2024 – A New Paradigm?

    Videos and Visualisations | Jan 31, 2024

    Hear Andy Sparks, Managing Director and Head of Portfolio Management Research, at MSCI, discuss the shift in the bond-equity relationship and more, in the quarterly Fixed Income Markets in Focus.

    What Does EU Taxonomy Reported Data for 2023 Tell Us?

    2 mins read Quick Take | Jan 31, 2024 | Nakul Jadhav

    Last year was a landmark year for sustainable finance and the EU Taxonomy for sustainable activities in terms of what companies had to report. But what conclusions can we draw and how much of an issue were data quality and comparability? 

    US Commercial-Property Distress Swelled in 2023

    2 mins read Quick Take | Jan 30, 2024 | Alexis Maltin

    Troubled assets in U.S. commercial real estate climbed to USD 85.8 billion at the end of 2023, with office and retail properties adding the most trouble in the fourth quarter. We summarize our latest findings on distress in the market.  

    Reimagining Country Investing

    Research Report | Jan 29, 2024 | Rohit Gupta, Anil Rao, Manish Shakdwipee, Hitendra D Varsani

    We introduce an integrated framework to investing in individual country and regional markets, analyzing macroeconomic risks and new growth opportunities as well as the role of sustainable investments in a globally diversified portfolio. 

    Going on a Boeing?

    Podcast | Jan 26, 2024 | Michael Disabato, Harlan Tufford

    One door plug blowout, one emergency landing and zero injuries. For Boeing, quality checks and tailored governance structures aren’t adding up to a great safety record. But looking at the underlying ESG data might shed light on where things might be going wrong.