MSCI, INC. Press Release
MSCI Launches Global Fossil Fuels Exclusion Indexes
Benchmarks exclude companies that own oil, gas and/or coal reserves
Expands benchmark options for investors wishing to reduce the carbon intensity of their portfolios
London - October 16, 2014 - MSCI Inc.(NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today the launch of the MSCI Global Fossil Fuels Exclusion Indexes, benchmarks for investors who aim to eliminate or reduce fossil fuel reserves exposure from their investments. The MSCI ACWI ex Fossil Fuels and MSCI ACWI ex Coal Indexes are the first in the series.
The MSCI Global Fossil Fuels Exclusion Indexes were developed in response to investor demand for benchmarks designed to represent the performance of the broad market while excluding companies that own oil, gas and/or coal reserves. Institutional investors are increasingly concerned that these reserves could potentially be stranded in the context of the transition to a low carbon economy.
Remy Briand, Managing Director and Global Head of Index and ESG Research, said, "MSCI developed the MSCI Global Fossil Fuels Exclusion Indexes in response to clear demand from asset owners. These indexes complement the family of MSCI Low Carbon Indexes launched last month as part of a comprehensive suite of tools for investors looking to manage carbon exposure in their portfolios."
Donald Gould, chair of the Investment Committee at Pitzer College in Claremont, California, and President of Gould Asset Management, added, "It is important for those who have decided to divest from fossil fuels to have benchmarks that accurately reflect their investments. I am pleased to see MSCI taking important steps in this direction to assist asset managers, consultants and their investor clients."
The MSCI Global Fossil Fuels Exclusion Indexes are free-float adjusted market capitalization weighted benchmarks. The MSCI ACWI ex Fossil Fuels Index reduces carbon reserves exposure by 100% by excluding 127 securities representing 9.3% of the parent index market capitalization. The MSCI ACWI ex Coal Index reduces carbon reserves exposure by 50% by excluding 26 securities representing 1.3% of the parent index market capitalization.
The MSCI Global Fossil Fuels Exclusion Indexes are based on the MSCI ACWI Index, the global policy benchmark covering developed and emerging markets. Regional and country versions are available on request. The indexes utilize MSCI ESG CarbonMetricsdata from MSCI ESG Research Inc.
-Ends-
1 of 3
msci.com
Press Release
About MSCI
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 over USD 9 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 March 31, 2014, as reported on June 25, 2014, by eVestment, Lipper and Bloomberg
For further information on MSCI, please visit our web site at www.msci.comMedia Enquiries:
Michele Clarke, MSCI, New York + 1.646.732.5079
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
This document and all of the information contained in it, including without limitation all text, data, graphs, cha rts (collectively, the "Information") is the property of MSCI Inc. or its subsidiaries (collectively, "MSCI"), or MSCI's licensors, direct or indirect suppliers or any third party in volved in making or compiling any Information (collectively, with MSCI, the "Information Providers") and is provided for informational purposes only. The Information may not be modified, reverse -engineered, reproduced or redisseminated in whole or in part without prior written permission from MSCI.
The Information may not be used to create derivative works or to verify or correct other data or information. For example ( but without limitation), the Information may not be used to create indexes, databases, risk models, analytics, software, or in connection with the issuing, offering, sponsoring, managing or marketing of any securities, portfolios, financial products or other investment vehicles utilizing or based on, linked to, tracking or otherwi se derived from the Information or any other MSCI data, information, products or services.
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 THE INFORMATION PROVIDERS MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RES PECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH INFORMATION PROVIDER EXPRESSLY DISCLAIMS ALL IMPLIED WA RRANTIES (INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent permitted by applicable law, in no event shall any Information Provider have any liability regarding any of the Information for any direct, indirect, special, punitive, consequential (including lost profits) or any o ther 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, including without l imitation (as applicable), any liability for death or personal injury to the extent that such injury results from the negligence o r willful default of itself, its servants, agents or sub-contractors.
Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performance does not guarantee future results.
The Information should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees , advisors and/or clients when making investment and other business decisions. All Information is impersonal and not tailored to the needs of any person, entity or group of persons.
None of the Information constitutes an offer to sell (or a solicitation of an offer to buy), any security, financial product or other investment vehicle or any trading strategy.
It is not possible to invest directly in an index. Exposure to an asset class or trading strategy or other category represented by an index is only available through third party investable instruments (if any) based on that index. MSCI does not issue, sponsor, endorse, market, offer, review or otherwise express any opinion regarding any fund, ETF, derivative or other security, investment, financial product or trading strategy that is based on, linked to or seeks to provide an investment return related to the performance of any MSCI index (collectively, "Index Linked Investments"). MSCI makes no assurance that any Index Linked Investments will accurately track index performance or provide positive investment returns. MSCI Inc. is not an investment adviser or fiduciary and MSCI makes no representation regarding the advisability of investing in any Index Linked Investments.
Index returns do not represent the results of actual trading of investible assets/sec urities. MSCI maintains and calculates indexes, but does not manage actual assets. Index returns do not reflect payment of any sales charges or fees an investor may pay to purchase the securities unde rlying the index or Index Linked Investments. The imposition of these fees and charges would cause the performance of an Index Linked Investment to be different than the MSCI index performance.
2 of 3
msci.com
Press Release
The Information may contain back tested data. Back-tested performance is not actual performance, but is hypothetical. There are frequently material differences between back tested performance results and actual results subsequently achieved by any investment strategy.
Constituents of MSCI equity indexes are listed companies, which are included in or excluded from the indexes according to the application of the relevant index methodologies. Accordingly, constituents in MSCI equity indexes may include MSCI Inc., clients of MSCI or suppliers to MSCI. Inclusion of a security within an MSCI index is not a recommendation by MSCI to buy, sell, or hold such security, nor is it considered to be investment advice.
Data and information produced by various affiliates of MSCI Inc., including MSCI ESG Research Inc. and Barra LLC, may be used in calculating certain MSCI equity indexes. More information can be found in the relevant standard equity index methodologies on www.msci.com.
MSCI receives compensation in connection with licensing its indexes to third parties. MSCI Inc.'s revenue includes fees based on assets in investment products
linked to MSCI equity indexes. Information can be found in MSCI's company filings on the Investor Relations section of http://www.msci.com/www.msci.com.
MSCI ESG Research Inc. is a Registered Investment Adviser under the Investment Advisers Act of 1940 and a subsidiary of MSCI Inc. Except with respect to any applicable products or services from MSCI ESG Research, 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. Issuers mentioned or included in any MSCI ESG Research materials may include MSCI Inc., clients of MSCI or suppliers to MSCI, and may also purchase research or other products or services from MSCI ESG Research. MSCI ESG Research materials, including materials utilized in any MSCI ESG Indexes 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, IPD, FEA, Investor Force, and other MSCI brands and product names are the trademarks, service marks, or registered trademarks of MSCI or its subsidiar ies 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.
3 of 3
msci.com
|
distributed by
|
