ASSETS BENCHMARKED TO MSCI US EQUITY INDICES EXCEED $115 BILLION

NEW YORK, June 27, 2005. MSCI, a leading provider of equity, REIT, fixed income, multi-asset class and hedge fund indices, announced today that Sempra Energy (NYSE: SRE) has decided to adopt the MSCI US Equity Indices as its target U.S. benchmark for pension plan assets.

In addition, in April 2005, the Vanguard Group completed its adoption of the MSCI US Broad Market Index as the target benchmark for its Total Stock Market Index Fund with assets totalling more than $60 billion as of May 31, 2005, one of the largest benchmark switches in history.

With these two adoptions, assets benchmarked to the MSCI US Equity Indices now exceed $115 billion.

"We are very pleased with Sempra’s decision to use the MSCI US Equity Indices," said Ken O’Keeffe, Executive Director at MSCI. "Sempra’s adoption is not only evidence of the growing acceptance of the MSCI US Equity Indices, but also the investment community’s growing need to use indices that broadly and appropriately reflect the various size and style segments of the U.S. markets, yet are replicable and designed to have low turnover."

Mr. O’Keeffe added, "With a growing list of clients, which now includes Sempra, Vanguard, Allstate, Callan and others, the MSCI US Equity Indices serve as benchmarks for investments of over $115 billion, in defined benefit pension plans, 401K plans, 529 plans, ETFs, and mutual funds."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development