4. MSCI Frontier Markets

4. MSCI Frontier Markets - Reflecting expanded investment...

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Unformatted text preview: Reflecting expanded investment opportunities beyond traditional developed and emerging markets Covering 22 countries, the MSCI Frontier Markets Indices are designed to track the perfor- mance of a range of equity markets that are now more accessible to global investors. They aim to achieve a broad representation of the investment opportunity set while taking into consideration investability requirements within each market. MSCI Frontier Markets Indices Easily Combined with Existing MSCI Indices — By combining the MSCI Frontier Markets Indices with the market-leading MSCI Emerging Markets and MSCI All Country Indices, MSCI Barra has created a new range of extended regional and global composite indices. Investable and Replicable — Liquidity screens, company free float-adjusted market capitalization and minimum size references are used to create indices that are both investable and replicable. Transparent Index Construction — Indices are calcu- lated and maintained according to a rules-based methodology based on the MSCI Global Investable Market Indices Methodology, modified to reflect the specific structure of countries within the Frontier Markets. Relevant to International Investors — Only markets judged by MSCI Barra to be open and accessible to international investors, and those not already in MSCI’s Developed or Emerging Markets universe, are consid- ered for inclusion in the MSCI Frontier Market Indices. Timely Reflection of Market Changes — Semi-annual index rebalancings, quarterly index reviews and regular updates of corporate events seek to provide a timely reflection of changes in the equity markets. Ongoing Eligibility Assessment — MSCI Barra will continue to monitor potential markets that may qualify for the MSCI Frontier Markets Indices, and will review the universe on a semi-annual basis according to the methodology. Key Features & Benefits MSCI All Country World Index (ACWI) MSCI World Index MSCI Emerging and Frontier Markets (EFM) Index MSCI Frontier Markets (FM) Index Bulgaria Croatia Estonia Kazakhstan Lithuania Romania Serbia Slovenia Ukraine MSCI ACWI & Frontier Markets (ACWI FM) Index + + Central & Eastern Europe & CIS Africa Middle East Asia Kenya Mauritius Nigeria Tunisia Bahrain Jordan Kuwait Lebanon Oman Qatar United Arab Emirates Sri Lanka Vietnam MSCI Emerging Markets (EM) Index 1. The MSCI Saudi Arabia Index is currently not included in the MSCI Frontier Markets Index but is part of the MSCI Gulf Cooperation 1....
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This note was uploaded on 09/27/2009 for the course UGBA 133 taught by Professor Distad during the Summer '08 term at Berkeley.

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4. MSCI Frontier Markets - Reflecting expanded investment...

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