MSCI Inc. (NYSE: MSCI), a leading provider of critical decision
support tools and services for the global investment community,
announced today that the MSCI Nigeria Indexes will be reclassified
from Frontier Markets to Standalone Markets status in one step
coinciding with the February 2024 Index Review.
This conclusion follows feedback received from market
participants from its recent extended Consultation on a Market
Reclassification Proposal for the MSCI Nigeria Indexes.
Since March 2020, liquidity challenges in the Nigerian foreign
exchange (FX) market have consistently affected the accessibility
of its equity market, leading to ongoing capital repatriation
concerns and a significant gap between the official and parallel
exchange rates for the Nigerian Naira. This has caused
international institutional investors to face recurring challenges
with index replicability and investability of the MSCI Nigeria
Indexes and other indexes they are part of.
On June 22, 2023, MSCI announced that feedback from market
participants obtained as part of the initial consultation conducted
from June 2022 to June 2023 suggested that the limited
accessibility of the Nigerian equity market would warrant the
removal of the MSCI Nigeria Indexes from the MSCI Frontier Markets
Indexes. However, MSCI extended the consultation period to
September 29, 2023 to allow more time for the liquidity situation
in the Nigerian FX market to stabilize following measures announced
by the Central Bank of Nigeria on June 14, 2023. No significant
improvements in FX liquidity were observed by market participants
during the extended consultation period, confirming that the ease
of capital inflows and outflows in the MSCI Nigeria Indexes is not
to the standards expected from Frontier Markets. This has led to
MSCI’s decision to reclassify the MSCI Nigeria Indexes.
In order to facilitate index replicability at the time of the
reclassification, MSCI will delete each Nigerian security from the
MSCI Frontier Markets Indexes at a price that is effectively zero
as of the close of February 29, 2024. More information on this and
other details related to the implementation of the reclassification
will be shared at a date closer to the reclassification.
-Ends-
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process.
The process for submitting a formal index complaint can be found
on the index regulation page of MSCI’s website at:
https://www.msci.com/index-regulation.
This document and all of the information contained in it,
including without limitation all text, data, graphs, charts
(collectively, the “Information”) is the property of This document
and all of the information contained in it, including without
limitation all text, data, graphs, charts (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 involved 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. All rights in the Information are reserved by MSCI
and/or its Information Providers.
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 otherwise 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 RESPECT 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 WARRANTIES (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 other 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 limitation (as applicable), any
liability for death or personal injury to the extent that such
injury results from the negligence or 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 may include “Signals,” defined as quantitative
attributes or the product of methods or formulas that describe or
are derived from calculations using historical data. Neither these
Signals nor any description of historical data are intended to
provide investment advice or a recommendation to make (or refrain
from making) any investment decision or asset allocation and should
not be relied upon as such. Signals are inherently backward-looking
because of their use of historical data, and they are not intended
to predict the future. The relevance, correlations and accuracy of
Signals frequently will change materially.
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/securities. MSCI maintains and calculates
indexes, but does not manage actual assets. The calculation of
indexes and index returns may deviate from the stated methodology.
Index returns do not reflect payment of any sales charges or fees
an investor may pay to purchase the securities underlying 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.
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 LLC and Barra LLC, may be used in
calculating certain MSCI indexes. More information can be found in
the relevant 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 Index Linked Investments. Information can be found in
MSCI Inc.’s company filings on the Investor Relations section of
msci.com.
MSCI ESG Research LLC is a Registered Investment Adviser under
the Investment Advisers Act of 1940 and a subsidiary of MSCI Inc.
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 MSCI’s products or services are not a recommendation
to make (or refrain from making) any kind of investment decision
and may not be relied on as such, provided that applicable products
or services from MSCI ESG Research may constitute investment
advice. 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. MSCI ESG and
climate ratings, research and data are produced by MSCI ESG
Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics
and Real Estate are products of MSCI Inc. that utilize information
from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI
Limited (UK).
Please note that the issuers mentioned in MSCI ESG Research
materials sometimes have commercial relationships with MSCI ESG
Research and/or MSCI Inc. (collectively, “MSCI”) and that these
relationships create potential conflicts of interest. In some
cases, the issuers or their affiliates purchase research or other
products or services from one or more MSCI affiliates. In other
cases, MSCI ESG Research rates financial products such as mutual
funds or ETFs that are managed by MSCI’s clients or their
affiliates, or are based on MSCI Inc. Indexes. In addition,
constituents in MSCI Inc. equity indexes include companies that
subscribe to MSCI products or services. In some cases, MSCI clients
pay fees based in whole or part on the assets they manage. MSCI ESG
Research has taken a number of steps to mitigate potential
conflicts of interest and safeguard the integrity and independence
of its research and ratings. More information about these conflict
mitigation measures is available in our Form ADV, available at
https://adviserinfo.sec.gov/firm/summary/169222.
Any use of or access to products, services or information of
MSCI requires a license from MSCI. MSCI, Barra, RiskMetrics, IPD
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 S&P Global Market Intelligence.
“Global Industry Classification Standard (GICS)” is a service mark
of MSCI and S&P Global Market Intelligence.
MIFID2/MIFIR notice: MSCI ESG Research LLC does not distribute
or act as an intermediary for financial instruments or structured
deposits, nor does it deal on its own account, provide execution
services for others or manage client accounts. No MSCI ESG Research
product or service supports, promotes or is intended to support or
promote any such activity. MSCI ESG Research is an independent
provider of ESG data.
Privacy notice: For information about how MSCI collects and uses
personal data, please refer to our Privacy Notice at
https://www.msci.com/privacy-pledge.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231026841096/en/
Media Inquiries PR@msci.com Melanie Blanco +1 212
981 1049 Konstantinos Makrygiannis +44 (0) 7768 930056 Tina Tan
+852 2844 9320
MSCI Global Client Service EMEA Client Service + 44 20
7618.2222 Americas Client Service +1 888 588 4567 (toll-free) Asia
Pacific Client Service + 852 2844 9333
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
MSCI (NYSE:MSCI)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024