Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
The MSCI Emerging Markets Index captures large and mid cap representation across 23 Emerging Markets (EM) countries*. With832
constituents, the index covers approximately 85% of the free oat-adjusted market capitalization in each country.
400
253.65
234.10
200
50
Nov 01
Mar 03
May 04
Aug 05
Nov 06
Feb 08
May 09
Aug 10
Nov 11
Feb 13
May 14
Aug 15
Nov 16
Year
MSCI
Emerging
Markets
MSCI ACWI
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
-14.92
-2.19
-2.60
18.22
-18.42
18.88
78.51
-53.33
39.42
32.14
34.00
25.55
55.82
-6.17
-2.36
4.16
22.80
16.13
-7.35
12.67
34.63
-42.19
11.66
20.95
10.84
15.23
33.99
-19.32
-2.19
3.84
23.55
16.38
-7.89
14.35
36.41
-42.34
11.16
20.95
11.54
16.42
35.54
-17.58
FUNDAMENTALS
ANNUALIZED
1 Mo
3 Mo
1 Yr
YTD
3 Yr
5 Yr
10 Yr
Since
Dec 29, 2000
P/E
P/E Fwd
P/BV
-4.60
0.76
1.09
-3.15
-0.34
-0.14
8.47
3.68
4.10
10.94
5.58
6.07
-3.10
2.99
3.12
0.99
8.85
9.08
2.27
3.57
3.84
8.72
4.26
4.80
2.60
2.54
2.46
14.60
20.68
21.66
11.99
15.49
15.85
1.52
2.09
2.04
SHARPE RATIO 2 , 3
MAXIMUM DRAWDOWN
Turnover
(%) 1
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Since
Dec 29, 2000
(%)
Period YYYY-MM-DD
9.86
3.15
3.22
16.31
11.19
11.19
16.18
11.38
11.41
23.48
16.98
17.19
-0.13
0.29
0.31
0.12
0.78
0.80
0.17
0.23
0.24
0.41
0.24
0.27
65.25
58.38
58.59
2007-10-292008-10-27
2007-10-312009-03-09
2007-10-312009-03-09
Last 12 months
* EM countries include: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Russia, Qatar, South Africa, Taiwan, Thailand,
Turkey and United Arab Emirates.
The MSCI Emerging Markets Index was launched on Jan 01, 2001. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index
existed). There are frequently material dierences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee of future performance.
INDEX CHARACTERISTICS
TOP 10 CONSTITUENTS
Number of
Constituents
Country
832
SAMSUNG ELECTRONICS CO
TAIWAN SEMICONDUCTOR MFG
TENCENT HOLDINGS LI (CN)
ALIBABA GROUP HLDG ADR
CHINA MOBILE
NASPERS N
CHINA CONSTRUCTION BK H
BAIDU ADR
ICBC H
HON HAI PRECISION IND CO
Total
Index
Largest
Smallest
Average
Median
3,906,223.24
149,469.33
309.06
4,694.98
2,216.35
SECTOR WEIGHTS
Mkt Cap
( USD Billions)
Index
Wt. (%)
Sector
149.47
141.44
140.95
105.57
67.04
64.16
62.70
45.30
45.18
39.83
861.63
3.83
3.62
3.61
2.70
1.72
1.64
1.61
1.16
1.16
1.02
22.06
Info Tech
Info Tech
Info Tech
Info Tech
Telecom Srvcs
Cons Discr
Financials
Info Tech
Financials
Info Tech
KR
TW
CN
CN
CN
ZA
CN
CN
CN
TW
COUNTRY WEIGHTS
7.39%
6.91%
7.83%
5.92%
5.85%
10.27%
7.75%
29.54%
8.15%
2.84%
2.53%
12.45%
2.51%
24.34%
23.6%
Financials 24.34%
Energy 7.83%
Materials 6.91%
Industrials 5.85%
27.55%
14.55%
China 27.55%
Taiwan 12.45%
India 8.15%
Brazil 7.75%
Other 29.54%
Utilities 2.84%
INDEX METHODOLOGY
The index is based on the MSCI Global Investable Market Indexes (GIMI) Methodology - a comprehensive and consistent approach to index
construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style
segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong
emphasis on index liquidity, investability and replicability. The index is reviewed quarterly - in February, May, August and November - with
the objective of reecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May
and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cuto points are recalculated.
ABOUT MSCI
For more than 40 years, MSCI' research-based indexes and analytics have helped the world' leading investors build and manage better portfolios. Clients rely on our oerings for deeper insights into the drivers
of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG
research. MSCI serves 98 of the top 100 largest money managers, according to the most recent P&I ranking. For more information, visit us at www.msci.com.
The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or
correct other data, to create indexes, risk models, or analytics, or in connection with issuing, oering, sponsoring, managing or marketing any securities, portfolios, nancial products or other investment vehicles.
Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service
constitutes an oer to buy or sell, or a promotion or recommendation of, any security, nancial instrument or product or trading strategy. Further, none of the Information or any MSCI index is intended to
constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided "as is" and the user of the
Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR
ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY
LAW, EACH MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF
THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT,
SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that
may not by applicable law be excluded or limited.
2016 MSCI Inc. All rights reserved.