MSCI Named Benchmark of Choice for ETFs
NEW YORK--(BUSINESS WIRE)-- MSCI Inc. (NYS: MSCI) , a leading provider of investment decision support tools worldwide, announced today that it was named the benchmark of choice for international equity exchange traded funds (ETFs) in the fourth annual Greenwich Associates study, Institutional Investors' Relationship with ETFs Deepens. The study found that 88% of US institutional ETF users and 100% percent of investment consultants name MSCI as their benchmark of choice.
"MSCI is committed to providing high quality indices to the investment community and this recognition is validation directly from the industry that not only are we doing the right thing by our clients but that the index matters," said Baer Pettit, Managing Director and Global Head of the MSCI Index Business. "The index is a critical tool for institutional investors. The Greenwich Associates study shows that institutions continue to embrace ETFs and, in turn, there will only be a greater emphasis on a funds underlying index."
Among the other key findings in this year's report is the role the index plays when selecting an ETF. 40 percent of institutions ranked the benchmarks used in ETFs among the top three factors they consider when assessing individual products.
The results of the study are based on interviews with 179 US institutional funds interviewed between February and April 2013 and include corporate pension funds, public pension funds, foundations and endowments, and large asset management firms. For the first time this year, investment consultants, insurance companies and registered investment advisors were also interviewed.
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.
The company's flagship product offerings are: the MSCI indices with close to USD 7 trillion estimated to be benchmarked to them on a worldwide basis1; Barra multi-asset class factor models, portfolio risk and performance analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indices and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; ISS governance research and outsourced proxy voting and reporting services; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
1As of September 30, 2012, as published by eVestment, Lipper and Bloomberg on January 31, 2013
For further information on MSCI, please visit our web site atwww.msci.com
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MSCI's indirect wholly-owned subsidiary Institutional Shareholder Services, Inc. ("ISS") is a Registered Investment Adviser under the Investment Advisers Act of 1940. Except with respect to any applicable products or services from ISS (including applicable products or services from MSCI ESG Research Information, which are provided by ISS), neither MSCI nor any of its products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or instruments or trading strategies and neither MSCI nor any of its products or services 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 MSCI ESG Indices use ratings and other data, analysis and information from MSCI ESG Research. MSCI ESG Research is produced by ISS or its subsidiaries. Issuers mentioned or included in any MSCI ESG Research materials may be a client of MSCI, ISS, or another MSCI subsidiary, or the parent of, or affiliated with, a client of MSCI, ISS, or another MSCI subsidiary, including ISS Corporate Services, Inc., which provides tools and services to issuers. MSCI ESG Research materials, including materials utilized in any MSCI ESG Indices or other products, have not been submitted to, nor received approval from, the United States Securities and Exchange Commission or any other regulatory body.
Any use of or access to products, services or information of MSCI requires a license from MSCI. MSCI, Barra, RiskMetrics, ISS, CFRA, FEA, and other MSCI brands and product names are the trademarks, service marks, or registered trademarks of MSCI or its subsidiaries in the United States and other jurisdictions. The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of MSCI and Standard & Poor's. "Global Industry Classification Standard (GICS)" is a service mark of MSCI and Standard & Poor's.
Jo Morgan, MSCI, London
Kristin Meza, MSCI, New York
Sally Todd Christian Pickel, MHP Communications, London
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