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...The MSCI India index has advanced 141 per cent in the years since Modi was elected prime minister in 2014, dwarfing the 9.4 per cent climb of the MSCI Emerging Market index in the same period....
...One of South Korea’s top financial regulators is optimistic of inclusion this month in FTSE Russell’s World Government Bond Index, a market gauge expected to bring billions of dollars in foreign capital...
...The 10 largest stocks in the MSCI All Country World Index now account for 19.5 per cent of the widely followed benchmark of 23 developed and 24 emerging countries....
...In March 2023 the iShares ESG Aware MSCI USA ETF (ESGU) haemorrhaged $3.9bn in one day. On the same day the iShares MSCI USA Quality Factor ETF (QUAL) saw a $4.8bn jump in net inflows....
...Actually, it is another fund: the iShares MSCI China A ETF. Golly, I had no idea. So what’s in that then?...
...It’s a fun fact that one of the best performing investors in the world is the S&P 500 index committee. Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...BlackRock has rolled out two actively managed equity exchange traded funds for European investors. The Ireland-domiciled iShares World Equity High Income and iShares U.S....
...And since 2021 a phased inclusion of Chinese debt into the FTSE Russell World Government Bond Index has been in train....
...He compared the S&P 500’s pricing with the MSCI EAFE index, which includes equities from 21 developed markets excluding the US and Canada....
...The Future World Fund, for example, currently excludes more than 70 companies from the index it tracks....
...Trading volumes on the four funds would suggest that Kashner might be right on the trading cost hypothesis and that the iShares funds are attracting shorter-term holders....
...The assets held by the iShares MSCI Emerging Markets ex-China ETF have risen to more than $10bn from just $120mn at the end of 2020....
...For example, from December 1 2021 to September 27 2022, the iShares Index Linked Gilts Ucits ETF dropped 50 per cent....
...And cheap index funds have been on fire in terms of flows,” he said....
...Most global equity trackers dial this down to below 20 per cent, as shown by the chart of the MSCI All-Country World Index below....
...“We have seen products like EMXC [the iShares MSCI Emerging Markets ex China ETF] be quite popular, with $700mn of net inflows in January,” he said, while the smaller Columbia EM Core ex-China ETF (XCEM)...
...“We keep Chinese stocks out of index funds because those funds do no research into the risks these companies pose,” he added....
...The fund group said its investments “generally outperformed” their benchmark indices over the three months. The MSCI Emerging Markets index is up by more than 4 per cent over the past year....
...He said concentration on a global scale was “unprecedented”, with the US share of the MSCI All-Country World Index having risen from about 40 per cent in 2010 to 62.6 per cent now, a period during which...
...This will be a factor in the iShares MSCI India ETF lagging behind the 153.7 per cent return of its benchmark index over the past 10 years....
...Efama added that urgency was “further compounded” by the fact MSCI, the index compiler, would rebalance its closely followed MSCI World index only days after the US shift to T+1....
...Many of these funds benchmark themselves against the MSCI World Index....
...However he noted that one bright spot was the iShares MSCI Emerging Markets ex-China ETF (EMXC) which took in $1.6bn, a sizeable sum for a fund that even now has just $7.2bn of assets....
...Flows into emerging market equity exchange traded funds marked a new record in February, as activity by China’s “national team” appeared to continue at pace....
...These are rebased MSCI net return indices, in dollars, for each country, and the MSCI USA and World indices....
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