| Log in

MSCI launches emerging market index excluding BRICs

12 September, 2013

Stock index compiler MSCI has launched an emerging market index that excludes the large but lagging markets of Brazil, Russia, India and China, the firm said on Thursday.

Around $1.3 trillion in assets is benchmarked against MSCI’s emerging market index, and the BRIC markets make up more than 40 per cent of that.

But BRIC markets have performed poorly, despite the rapid growth their economies have enjoyed in the past few years.

Investors have highlighted concern about transparency in these stock markets and the risk of government interference.

“We have launched the MSCI EM Beyond BRIC Index in response to client demand,” said Deborah Yang, head of the MSCI Index Business in Europe, the Middle East, Africa and India, in a statement.

“Many institutional investors already have exposure to those (BRIC) countries within their portfolios.”

The EM Beyond BRIC index, which contains the 17 other countries in the Emerging Market index, has returned 2.83 per cent on a gross annualised basis since 2007, while the Emerging Markets index has lost 2.1 per cent.

The largest countries in the Beyond BRIC index are Taiwan and South Korea, whose weightings will be capped at 15 per cent, MSCI said.


Leave Your Comment
BRIC Markets Set To Capture Spotlight In 2012

BRIC Markets Set To Capture Spotlight In 2012

Reuters 6 years ago
If you were burned by emerging market stocks last year, you might want to give...
Emerging Market Bourses In Brics Deal

Emerging Market Bourses In Brics Deal

Jeremy Grant 6 years ago
Six of the world’s largest emerging markets exchanges on Wednesday unveiled an...
BRICS To Eye Joint Bank, Stock Exchange Tie-up At Summit

BRICS To Eye Joint Bank, Stock Exchange Tie-up At Summit

Reuters 5 years ago
The BRICS group of emerging world powerhouses – Brazil, Russia, India,...
No Comments

MSCI launches emerging market index excluding BRICs

Powered by WordPress.com VIP