MSCI Inc. (NYSE: MSCI), a leading global provider of investment
decision support tools, including indices, portfolio risk and
performance analytics and corporate governance services, commented
today on Vanguard’s decision to change the target benchmarks of 22
exchange traded funds (ETFs) from MSCI’s equity indices and
addressed the anticipated impact of this transition on its future
financial results.
Baer Pettit, Head of MSCI’s Index Business, said, “We are
disappointed that Vanguard will no longer use our indices as the
basis for these exchange traded funds. The ETF market in North
America is competitive and as it evolves, we will work with those
ETF providers who seek to utilize independent, well-respected, and
high-quality equity indices in their products. MSCI indices have
been developed over 40 years to meet the specific needs of the
world’s most demanding and sophisticated investors.”
MSCI indices are a widely accepted tool for measuring global
equity performance and there are approximately $7 trillion(1) in
total assets benchmarked to MSCI indices worldwide. In the United
States, for example, more than 90% of all cross-border fundings by
tax-exempt funds are benchmarked to MSCI indices(2). MSCI’s All
Country World Index (ACWI) is increasingly being used as a
benchmark for measuring total equity market performance by pension
funds. Over the first nine months of 2012, ETF providers around the
world have launched a total of 57 new ETFs linked to MSCI indices,
including all of MSCI’s flagship indices.
Henry A. Fernandez, Chairman and CEO of MSCI, commented, “MSCI
is a provider of a diverse set of investment-decision tools to more
than 6,000 clients worldwide. The strategic decisions we have made
over the past several years to diversify and enhance our product
offering and our client base have made MSCI a market leader in
indices, portfolio risk and performance analytics and corporate
governance products and services.”
The Vanguard funds being transitioned include $131 billion of
AUM (3) in 14 ETFs benchmarked to MSCI’s U.S. equity indices and 8
ETFs linked to MSCI’s global equity indices. MSCI understands that
Vanguard will begin to transition these funds in January 2013 and
the transitions will be staggered over a number of months. MSCI’s
annualized revenue and operating income associated with the
Vanguard funds being transitioned are approximately $24 million.
The impact to reported financial results is expected to start in
January 2013 as the funds are transitioned.
Conference Call Information
Henry A. Fernandez, Chairman and Chief Executive Officer and
Robert Qutub, Chief Financial Officer of MSCI, will host a
conference call on this topic on Tuesday, October 2, 2012 at 11:00
am Eastern Time. To listen to the live event, visit the investor
relations section of MSCI's website, http://ir.msci.com/events.cfm,
or dial 1-877-312-9206 within the United States. International
callers dial 1-408-774-4001.
An audio recording of the conference call will be available on
our website approximately two hours after the conclusion of the
live event and will be accessible through October 8, 2012. To
listen to the recording, visit http://ir.msci.com/events.cfm, or
dial 1-855-859-2056 (passcode: 37418993) within the United States.
International callers dial 1-404-537-3406 (passcode: 37418993).
About MSCI Inc.
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 approximately 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; 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. MSCI#IR
1 As of June 30, 2011, based on eVestment, Lipper and Bloomberg
data
2 InterSec research 2012 – U.S. tax-exempt funds only
3 All AUM figures referenced herein are as of September 28,
2012
For further information on MSCI Inc. or our products please
visit www.msci.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements relate to future events or to future
financial performance and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance,
or achievements expressed or implied by these forward-looking
statements. In some cases, you can identify forward-looking
statements by the use of words such as "may," "could," "expect,"
"intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue", or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond our control and that could materially affect
actual results, levels of activity, performance, or
achievements.
Other factors that could materially affect actual results,
levels of activity, performance or achievements can be found in
MSCI's Annual Report on Form 10-K for the fiscal year ended
December 31, 2011 and filed with the Securities and Exchange
Commission (SEC) on February 29, 2012, and in quarterly reports on
Form 10-Q and current reports on Form 8-K filed with the SEC. If
any of these risks or uncertainties materialize, or if our
underlying assumptions prove to be incorrect, actual results may
vary significantly from what we projected. Any forward-looking
statement in this release reflects our current views with respect
to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise.
Notes Regarding the Use of Non-GAAP Financial
Measures
MSCI has presented supplemental non-GAAP financial measures as
part of this press release. These measures are used by management
to monitor the financial performance of the business, inform
business decision making and forecast future results.
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024