Tue, May 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MSCI Indices 2011 performance results

Tuesday, January 03, 2012
  • Global markets posted significant negative returns primarily due to European debt crisis worries and global economic growth uncertainties
  • Emerging and Frontier Markets showed the weakest performance
  • In a difficult market environment, the MSCI ACWI Minimum Volatility Index—a minimum variance strategy index—yielded a positive return of 2.42%

Opalesque Industry Update - MSCI Inc., a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, today published the 2011 performance of its MSCI Indices, revealing a significant slowdown in global equity markets.

Major financial markets worldwide closed well below 2010 year-end levels across all size segments. MSCI ACWI IMI, comprised of close to 9,000 large, mid and small cap securities across 24 Developed and 21 Emerging Markets countries, for example, delivered a 2011 year-to-date performance of -10.23% versus 12.14% in 2010.

MSCI Developed Markets Indices demonstrated the best relative performance in 2011, with the MSCI World Index posting a year-to-date 2011 return of -8.01%. Within the Developed Markets countries and regions, however, a wide range of negative returns prevailed. The MSCI Europe Index significantly underperformed the MSCI USA Index, for example, with a year-to-date return of -14.98% versus a return of 0.30% for the MSCI USA Index. Europe’s poor 2011 performance record can be explained by the sovereign debt crisis that has evolved into an expanded Euro crisis. All major continental European markets have been impacted from Greece and Italy to France and Germany, which all posted negative year-to-date MSCI index returns of -64.48%, -27.05%, -20.53% and -21.12% respectively.

The MSCI Ireland Index was the one Developed Markets index to post a positive return of 7.76%.

Emerging Markets countries and regions were also substantially impacted by the 2011 slowdown: the MSCI Emerging Markets Index showed a 2011 year-to-date performance of -20.6% versus a return of 16.4% return in 2010. The MSCI Indonesia Index was the single country index posting a positive year-to-date return of 3.74%. The MSCI Turkey, India and Egypt Indices were the worst performers year-to-date with returns of -36.69%, -37.58%, and -48.78%, respectively.

The MSCI Frontier Markets Index performed in line with the MSCI Emerging Markets Index in 2011, returning -22.05% compared to a 19.0% return in 2010. The strongest regional performance within Frontier Markets came from the Europe, Middle East and Africa (EMEA) region. The MSCI Frontier Markets Africa Index showed a year-to-date return of -19.47%, with the MSCI Qatar Index posting a positive 4.35% return.

In terms of MSCI index size segments, the MSCI Global Small Cap Indices underperformed the MSCI Global Standard (Large + Mid Cap) Indices across all regions, whereas small caps outperformed large and mid cap equities in both 2010 and 2009. The MSCI ACWI Small Cap Index underperformed its large and mid cap counterpart, MSCI ACWI, by more than three percentage points year-to-date, returning -13.09% year-to-date versus MSCI ACWI’s return of -9.78% year-to-date.

The MSCI Minimum Volatility Indices notably outperformed traditional market capitalization MSCI Indices in 2011. The MSCI ACWI Minimum Volatility Index posted strong performance in both relative and absolute terms versus MSCI ACWI, for example, with a year-to-date return of 2.42%. The MSCI World Minimum Volatility Index also returned 4.27% year-to-date in 2011, in contrast to the MSCI World Index return of -8.01 %...Full performance table: Source
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other voices: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera