MSCI announces launch of five new Islamic M-Series indexes

By Tali Rackner

Norfolk, Va., Sept. 10 – MSCI Inc. announced the launch of the Islamic M-Series indexes to provide an additional Islamic index screening methodology that gives local investors the option to choose between the traditional approach of using total assets or the more widely used market cap-based methodology, according to a press release.

The series includes: MSCI ACWI Islamic M-Series index, MSCI Europe Islamic M-Series index, MSCI North America Islamic M-Series index, MSCI Pacific Islamic M-Series index and MSCI EM Islamic M-Series index.

“We have expanded the existing MSCI Islamic Index Family with the launch of the M-Series that addresses client demand for financial screening criteria based on market capitalization,” Rob Ansari, MSCI executive director and head of client coverage in the Middle East, said in the release. “We are committed to developing relevant tools for Middle East investors.”

In June 2015, MSCI announced broader coverage of the Middle East equity universe with the launch of the MSCI Saudi Arabia indexes and the MSCI GCC Countries International indexes.

MSCI is a New York-based provider of investment decision support tools, including indexes, portfolio risk and performance analytics and corporate governance services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.