What Is the MSCI ACWI Ex-U.S.?
The Morgan Stanley Capital International All Country World Index Ex-U.S. (MSCI ACWI Ex-U.S.) is a market-capitalization-weighted index maintained by the use of Morgan Stanley Capital International (MSCI). It is designed to offer a intensive measure of stock potency all the way through the field, apart from U.S.-based companies. The MSCI ACWI Ex-U.S. incorporates each and every complicated and emerging markets.
Key Takeaways
- The MSCI ACWI Ex-U.S. is a stock market index comprising of non-U.S. stocks from 22 complicated markets and 24 emerging markets.
- The MSCI ACWI Ex-U.S index is made up of 2,307 constituents, which is 85% of the global equity market apart from the U.S.
- Sectors lined throughout the MSCI ACWI Ex-U.S index include smartly being care, industry, finance, consumer staples, and knowledge technology.
- The MSCI ACWI Ex-U.S index is calculated with a method that specializes in liquidity, investability, and replicability.
- The MSCI ACWI Ex-U.S. is one in all 222,000 indexes equipped by the use of the MSCI.
Figuring out the MSCI ACWI Ex-U.S.
For patrons who benchmark their U.S. and international stocks one by one, the MSCI ACWI Ex-U.S index provides a solution to observe international exposure apart from U.S. investments. As of Would perhaps 31, 2022, the MSCI ACWI Ex-U.S. held mid and large-cap holdings all over 22 out of 23 countries categorized as complicated markets and 24 categorized as emerging markets.
The best 10 holdings of the MSCI ACWI Ex-U.S. as of Would perhaps 31, 2022, were as follows: {(index weight %) [Sector]}
- Taiwan Semiconductor (1.98%) [Information technology]
- Nestle (1.43%) [Consumer staples]
- Tencent Holdings (1.11%) [Communication services]
- Samsung Electronics Co. (1.09%) [Information technology]
- Roche Holdings (1.00%)[Healthcare]
- ASML HLDG (0.99%) [Information technology]
- Shell (0.96%) [Energy]
- Astrazeneca(0.85%) [Healthcare]
- Novartis (0.83%) [Healthcare]
- Alibaba Body of workers Holdings ADR (0.78%) [Consumer discretionary]
The ones holdings span the following world places with country weights of Japan (13.93%), United Kingdom (9.99%),China (8.86%), Canada (8.29%), France (7.19%), and Other (51.74%).
MSCI ACWI Ex-U.S. index sector weights include Financials (20.43%), Industrials (11.93%), Wisdom Technology (11.67%), Client Discretionary (11.02%), Neatly being Care (9.4%), Materials (8.79%), Client Staples (8.61%), Verbal exchange Services and products and merchandise (6.27%), Energy (6.1%), Utilities (3.34%), and Exact Belongings (2.45%).
Calculating the MSCI ACWI Ex-U.S.
The MSCI ACWI Ex-U.S. Index calculation is determined on the MSCI International Investable Market Indexes (GIMI) way. This technique to index development allows for world views and regional comparisons all over all market capitalization dimension, sector, and style segments and combinations. The process focuses on index liquidity, investability, and replicability.
Portfolio managers review the index quarterly—in February, Would perhaps, August, and November. The aim of each and every review is to reflect changes throughout the lined equity markets. Managers re-balance the index all the way through the Would perhaps and November opinions and re-calculate the huge and mid-capitalization cutoff problems.
The MSCI ACWI Ex-U.S. Index should no longer be perplexed with MSCI, the independent provider of institutional investor insights and power. Present out of doors of any financial established order, MSCI consists of 222,000+ equity indexes which might be calculated daily. Specifically, 1+ trillion in equity assets are benchmarked to MSCI indexes world, while 99 of the best 100 world investment managers are clients of MSCI. MSCI’s major equity indexes include the following:
- MSCI ACWI
- MSCI USA
- MSCI World
- MSCI EAFE
- MSCI Emerging Markets
- MSCI Europe
