MSCI : Introduces Global Indexes with Interactive Data Fair Value Pricing

Press Release

MSCI Introduces Global Indexes with Interactive Data Fair Value Pricing

New York ‒ June 3, 2014 ‒ MSCIInc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that it has entered into an arrangement with Interactive Data Corporation(IDCo) to use IDCo Fair Value Pricing to provide fair value adjusted index data for its global equity indexes, making it easier for active mutual fund managers to explain the tracking error caused by fair valuing their international and global funds.

"Managers of active international mutual funds have struggled to explain funds' tracking error versus their benchmarks caused by fair value portfolio pricing," said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas. "This agreement brings together two industry leaders to create a simple tool to help understand the impact of fair value pricing on funds."

MSCI will provide fair value adjusted index data for the main indexes across the MSCI ACWI, MSCI Developed Marketsand MSCI Emerging MarketsIndex families.

"The collaboration between MSCI and Interactive Data represents a milestone for the mutual fund industry, where systematic fair valuation for global equities has been a near universal practice among funds for several years now," said Andrew Hausman, President, Pricing & Reference Data for Interactive Data Corporation. "We expect that the MSCI Indexes with IDCo Fair Value Pricing will serve as an important reference tool for understanding valuation differences that may arise between the fund and

its benchmark, and also provide investors with an additional reference point to form their opinions of

value and support important trading decisions."

The MSCI Indexes with IDCo Fair Value Pricingare calculated using fair value evaluated prices as of the close of the New York Stock Exchange provided by Interactive Data's Fair Value Information Service. These indexes aim to reflect the daily pricing adjustments that US mutual funds may make when assessing the fair value of their international equity holdings as part of the fund's NAV calculation.

84 of the top 100 US-based global mutual funds are benchmarked to MSCI.*

*Based on Lipper, equity mutual funds, as of Dec 31, 2013

About MSCI

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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 indexes, portfolio risk and performance analytics, and ESG data and research.

The company's flagship product offerings are: the MSCI indexes with approximately USD 8 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, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; 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, 2013, as reported on January 31, 2014, by eVestment, Lipper and Bloomberg

For further information on MSCI, please visit our web site at

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Media Enquiries:

Kristin Meza, MSCI, New York + 1.212.804.5330

Jo Morgan, MSCI, London + 44.20.7618.2224

Nick Denton | Christian Pickel, MHP Communications, London + 44.20.3128.8754/8208

MSCI Global Client Service:

EMEA Client Service + 44.20.7618.2222

Americas Client Service 1.888.588.4567 (toll free)/+ 1.212.804.3901

Asia Pacific Client Service + 852.2844.9333

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