What is MSCI Investable Market Index?

The MSCI ACWI Investable Market Index (IMI) captures large, mid and small cap representation across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries*. With 9,204 constituents, the index is comprehensive, covering approximately 99% of the global equity investment opportunity set.

How is MSCI calculated?

The MSCI Equity Indices are calculated using the Laspeyres’ concept of a weighted arithmetic average together with the concept of chain-linking. MSCI country and regional equity indices are calculated in “local currency” as well as in USD, with price, gross and net returns.

What does the MSCI measure?

The MSCI Indexes are a measurement of stock market performance in a particular area. Like other indexes, such as the Dow Jones Averages or the S&P 500, it tracks the performance of the stocks included in the index. MSCI Indexes are used as the base for exchange-traded funds.

How does MSCI define mid cap?

The MSCI USA Mid Cap Index is designed to measure the performance of the mid cap segments of the US market. With 328 constituents, the index covers approximately 15% of the free float-adjusted market capitalization in the US.

What does IMI mean in finance?

The MSCI Emerging Markets Investable Market Index (IMI) captures large, mid and small cap representation across 24 Emerging Markets (EM) countries*. With 3,163 constituents, the index covers approximately 99% of the free float-adjusted market capitalization in each country.

What does index level mean?

Index Level is the value of an investment relative to its value at one fixed point in time. Index Levels allow convenient comparison of the relative performance of the different portfolio or asset classes.

Which companies are in the MSCI World Index?

Apple, Microsoft, Amazon, Alphabet and Facebook now occupy the top ranks and account for almost 13% of the MSCI World. The rise of tech stocks has accelerated significantly with the Corona pandemic in 2020.

What is MSCI inclusion factor?

Growth Inclusion Factor Proportion of a security’s free float-adjusted market capitalization that is allocated to the Growth Index, as part of the MSCI Global Value Growth methodology. Hedge Impact Represents the mark to market gain or loss on the forward contracts measured in terms of the home currency.

Is MSCI World a total return index?

The MSCI World Net Total Return Index Futures are cash settled upon expiration. The underlying index is the MSCI World Net Total Return Index denominated in USD. This index covers approximately 85% of the free float-adjusted market capitalization across the World Developed Markets equity universe (large and mid cap).

How does MSCI define small cap?

(“MSCI”), defines small cap stocks as those that represent the. bottom 10%–15% of global market capitalization.