MSCI Inc. (NYSE:MSCI) has renamed its MSCI South East Asia Indexes, which will be known as the MSCI ASEAN Indexes.
In addition to renaming 234 standard indexes, MSCI has added three new indexes that are designed to represent a range of opportunity sets across the Developed, Emerging and Frontier markets in the ASEAN region and highlight the investable market.
The MSCI AC ASEAN Indexes are designed to include large and mid-cap equities across one Developed Market country (Singapore) and four Emerging Market countries (Indonesia, Malaysia, the Philippines, and Thailand). Additionally, MSCI has created indexes for emerging markets (MSCI EM ASEAN), emerging and frontier markets (MSCI EFM ASEAN, including Vietnam), and all market categories (MSCI ASEAN).
“The rebranding of our Southeast Asia index offerings demonstrates MSCI’s commitment to the ASEAN region and to evolving with the development of its capital markets,” said Alvin Lee, ASEAN country head for MSCI’s Asia Pacific region. “The change and expansion offers institutional investors a framework designed to represent the investable market and recognizes the significance of ASEAN as an investment bloc and an engine of global economic growth.”
The change reflects the development of the member nations of the Association of Southeast Asian Nations (ASEAN) as a region of sustained growth and economic development. The ASEAN Secretariat has granted MSCI the right to use the ASEAN designation in conjunction with the company’s index offering.
“Global investors now have deeper insights into the region's investment opportunities via the new MSCI ASEAN Indexes,” said Datuk Seri Tajuddin Atan, Chief Executive Officer of Bursa Malaysia Berhad, one of seven members of the ASEAN Exchanges, a collaboration of seven exchanges across Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam that are aligned to promote the growth of the region’s capital markets. “We applaud MSCI's support of ASEAN and look forward to working together in creating more ASEAN-centric products.”
“ASEAN products are a key initiative from the ASEAN exchanges collaboration to enhance regional liquidity and showcase the quality of investment opportunities in the region,” added Kesara Manchusree, President of the Stock Exchange of Thailand, another member of the ASEAN Exchanges. “We are working with MSCI because of the depth of its knowledge and breadth of products covering the ASEAN marketplace.”
For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research.
MSCI serves 97 of the top 100 largest money managers, according to the most recent P&I ranking.