Extended-lister
Showing 21 - 30 of 127 entries
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MSCI Blog
What Can Loan-Level Data Reveal About US Auto-Loan ABS?U.S. regulators required issuers by Nov. 23, 2016, to disclose data on individual loans bundled into auto-loan asset-backed securities. We looked at whether incorporating loan-level data into our model could sharpen our analysis of this ABS segment.
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MSCI Blog
Why Is Climate-Transition Risk High in High Yield?Investors increasingly focus on building greener portfolios. Some might expect bonds to be less exposed to climate-transition risk compared to equities, due to the seniority of bonds in the capital structure. But does that logic hold at the portfolio level?
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MSCI Blog
Could Investment Grade Be as Risky as High Yield?Do high-yield and investment-grade bonds carry the same level of risk? For investors using common measures like value-at-risk models, IG- and HY-bond portfolios’ risk levels appear to have converged. But traditional models may miss important aspects of HY risk.
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MSCI Blog
Long-Horizon Risk: The Past 50 YearsFor long-horizon investors that aim to ride out volatility, short-term risk measures may be insufficient. We used multiperiod stress testing to evaluate one- and five-year returns of hypothetical multi-asset-class portfolios using 50 years of history.
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MSCI Blog
Managing the Risks of LIBOR ReplacementInvestors now have clarity on the process of transitioning away from LIBOR and falling back on replacement benchmark rates. We used stress tests to show that fallback modeling may be necessary to measure and manage the risks of LIBOR instruments.
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MSCI Blog
How Inflation Could Affect Multi-Asset-Class PortfoliosMarket participants are hotly debating whether U.S. monetary and fiscal policy may cause inflation. We consider four scenarios — reflation, disinflation, an overheated economy and stagflation — and their potential impact on multi-asset-class portfolios.
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MSCI Blog
Climate Transition and Bonds: Risk or Opportunity?The transition to a low-carbon economy could significantly redirect the flow of investments toward greener companies and technologies that limit carbon emissions. We consider the potential risk — and opportunity — for bond investors.
ESG Climate VaR ESG Climate Solutions
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MSCI Blog
A New COVID-19 Regime for MBS?In 2020, the Federal Reserve’s purchases of mortgage-backed securities, low interest rates, mortgage-underwriting policy changes and technology advancements led to a historic refinance frenzy and posed an unprecedented challenge for MBS risk management.
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MSCI Blog
Cross-Currency Credit Spreads: Mind the GapAn issuer’s credit spread should be consistent when measured in the USD- or EUR-denominated markets, because both are measuring the same credit risk. Yet divergence can occur as a result of liquidity or supply-demand imbalances, such as those in the COVID crisis.
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MSCI Blog
How Are High-ESG-Rated Bond Portfolios Distinct?ESG investing makes up an increasingly large footprint in equity portfolios, but ESG integration in bond portfolios is still in its early days. We examine the characteristics that make high-ESG-rated corporate-bond portfolios distinct.
ESG Products & Services ESG Ratings MSCI ESG Indexes