|Bid||267.31 x 900|
|Ask||267.38 x 2200|
|Day's Range||261.90 - 267.51|
|52 Week Range||134.28 - 267.51|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||38.18|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||2.72 (1.04%)|
|1y Target Est||257.44|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
(Bloomberg) -- It may be nestled between Asia and Africa, but Israel is asking global investors to treat it as a European market.Six years after the nation’s bid to join the continent’s benchmarks failed, regulators are again targeting membership of gauges such as the MSCI Europe Index for stocks and FTSE Euro Corporate Bond Index. They’re reaching out to providers to understand what needs to be done to remove any obstacles, said Anat Guetta, the chair of the Israel Securities Authority.Story from 2013: Tel Aviv Loses MSCI Europe Index Inclusion Bid“We plan to commence talks with relevant index providers soon,” Guetta said in an interview in Tel Aviv. Once one provider decides to include some securities, “the outcome will drive other index providers to consider doing so as well,” she said.At stake is Israel’s bid to return fund flows to a market that has seen trading volumes dwindle in the past decade. If it proves successful, its $190 billion stock market could gain inflows of $2 billion from passive funds, according to regulators.Officials also argue that economic metrics put Israel in the class of European nations rather than those in the Middle East. Israel’s GDP per capita was $41,614 in 2018, about the same as France, according to World Bank figures.Painful PromotionIsraeli trading volumes have declined since 2010, when MSCI Inc. reclassified Israel from an “emerging” to a “developed” market. The move triggered outflows of foreign capital as investors who use the indexes to compose their portfolios adjusted their holdings.Since then, regulators have been taking steps to lure back global investors. Guetta, who was appointed two years ago, has advanced proposals to allow companies the option of filing reports in English and open a secondary trading platform.Since the MSCI rejected Israel’s bid to join its Europe Index in 2013, the market has evolved. The Tel Aviv Stock Exchange has become a for-profit, publicly-traded company. Foreign exchange-traded funds are allowed to dual-list in Tel Aviv.In September, FTSE Russell said it would add Israel to its benchmark World Government Bond Index.More on FTSE Russell inclusion: Billions Could Be Headed for Israeli Debt After Bond Index EntryIsrael’s campaign for European membership won’t be as easy, according to Steven Schoenfeld, the chief investment officer of BlueStar Indexes.“It’s going to be difficult for Israel’s financial community -- whether it’s the regulators or the exchange or asset managers -- to convince the index providers to change Israel’s geography,” Schoenfeld said.To contact the reporters on this story: Alisa Odenheimer in Jerusalem at firstname.lastname@example.org;Ivan Levingston in Tel Aviv at email@example.comTo contact the editors responsible for this story: Shaji Mathew at firstname.lastname@example.org, Srinivasan Sivabalan, Alex NicholsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Index provider MSCI increased its pressure on Chinese regulators to push through sensitive market access reforms on Wednesday, stating it will not include more Chinese stocks until its concerns over hedging and other problems are addressed. The inclusion of so-called A shares into MSCI’s flagship emerging markets index in 2018 was expected to bring in more than $100bn in foreign investments this year. The company completed its final scheduled adjustment at the close of trading on Tuesday, with the weighting reaching 4 per cent in the emerging markets index, an influential benchmark tracked by global investors managing about $1.9tn.
MSCI Inc. (MSCI), a leading provider of research-based indexes and analytics, is pleased to announce today the successful completion of the third and final phase of the 20% partial inclusion of China A shares in the MSCI Indexes, including in the MSCI Emerging Markets Index. As of the close of markets on November 26, 2019, the MSCI Indexes will include 472 China A shares, comprised of 244 large cap and 228 mid cap securities. The weight of China A shares in the MSCI ACWI and MSCI Emerging Markets Indexes will reach 0.5% and 4%, respectively.
China is vowing to crack down on intellectual property theft, aiming to address a major hurdle in trade negotiations with the U.S.
Factors that could lead to an upgrade of the ratings include a significant amount of loan paydowns or amortization, an increase in defeasance or an improvement in loan performance. The principal methodology used in these ratings was "Moody's Approach to Rating Large Loan and Single Asset/Single Borrower CMBS" published in July 2017.
MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions. A growing number of investors across the world are factoring ESG risk into their decision-making, amid a growing belief that companies with a good rating will be better-run and produce stronger returns with lower risk. The ratings provider said in a statement it had made public on its website the ratings on the companies in its All-Country World Index "to help ... identify the most financially relevant ESG risks and opportunities".
Index provider MSCI said on Monday it had made public the environmental, social and governance-related ratings of more than 2,800 companies. MSCI said it would release data on more companies in 2020, taking the total number of companies with public data to 7,500. MSCI gives companies a rating from triple-A to triple-C based on their exposure to ESG risks and their management of them relative to similar companies.
In recognition of growing momentum and interest from a diverse range of stakeholders in ESG investing, MSCI ESG Research LLC, announces today it will make its MSCI ESG Ratings publicly available. This move is part of MSCI ESG Research’s mission to help investors, companies and other industry stakeholders identify the most financially relevant ESG risks and opportunities, through greater transparency and access to dynamic ESG data and insights. From today, the MSCI ESG Ratings of over 2,800 companies in the MSCI ACWI Index will be accessible via a search tool available on msci.com.
(Bloomberg) -- MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.ArtGo Holdings Ltd., which had soared almost 3,800% this year for the world’s biggest gain among companies with a market capitalization of at least $1 billion, erased nearly all of that advance within minutes on Thursday as investors reacted to MSCI’s decision. The stock wiped out more than $5.7 billion of value before trading was suspended.MSCI, which had announced its intention to include ArtGo just two weeks ago, said in statement on Wednesday that it would no longer do so after “further analysis and feedback from market participants on investability.” An ArtGo representative said the company, a marble producer that has been expanding into other businesses like real estate, couldn’t immediately comment.ArtGo’s rally had flummoxed local market veterans, with prominent activist investor David Webb warning in September that the stock was a “bubble.” Its surge was the latest in series of extreme, unexplained swings in Hong Kong that have cast the city’s financial markets in an unflattering light and led some observers to argue that MSCI and its peers should prevent such stocks from entering indexes that guide investments worth trillions of dollars.“It’s good that MSCI is listening to what market participants are saying,” Daniel So, a strategist at CMB International Securities Ltd., said by phone. “It’s positive for the health of the market. It’s hard to avoid adding some stocks with bubbles into the benchmark if we just focus on data like market cap. So it’s good that MSCI is doing case-by-case studies.”MSCI was criticized earlier this year for including Hong Kong-listed China Ding Yi Feng Holdings Ltd. in its indexes after the company rallied 8,500% over five years despite repeatedly reporting operating losses. The stock was later suspended by Hong Kong’s securities regulator, which said it was investigating suspicious trading in DYF after its price had climbed to an “irrationally high” level.At the time, MSCI said it used quantitative criteria such as market value, free float, and liquidity when choosing companies for its indexes and didn’t make judgments about profitability, growth prospects or “any other subjective” metrics.Index decisions by MSCI and its rivals have grown increasingly important for stock markets in recent years, thanks to the growing popularity of passive investment strategies. Multibillion-dollar funds run by BlackRock Inc., Vanguard Group Inc. and Northern Trust Corp. were all buyers of DYF’s stock after it won entry into MSCI’s indexes.Read more: Mysterious 8,500% Rally Attracts Big Funds and Big QuestionsMSCI didn’t immediately respond to a request for comment on ArtGo. FTSE Russell, which includes the stock in one of its China indexes, declined to comment, as did spokesmen for the Hong Kong stock exchange and the city’s Securities and Futures Commission. Bloomberg LP, the parent company of Bloomberg News, competes with MSCI and others by compiling indexes and providing analytics for stocks, bonds and commodities.ArtGo, which listed in Hong Kong in 2013, reported a net loss of about 29 million yuan ($4.1 million) in the first six months of 2019, after losing 396 million yuan in 2018. The company began investing in the Chinese real estate market this year, buying properties valued at 206 million yuan. ArtGo funded the deals through a combination of cash and newly issued shares that were sold at discounts of more than 20% to the prevailing market price at the time.Read more: Short Seller Aandahl Sends Hong Kong Stock Down 91% With AttackThe stock began surging around the middle of this year and was added to the FTSE Global Equity Index Series China Index in late September, prompting passive funds managed by the likes of Vanguard and State Street Corp. to buy. On the first trading day after ArtGo was included in the index, it plunged nearly 50%. State Street and Vanguard declined to comment.By early October, ArtGo had begun rallying again. The gain accelerated after MSCI said on Nov. 7 that it would add the company to its indexes, sending the stock up more than 100% between the announcement and Wednesday’s close. Its plunge on Thursday was the biggest in Hong Kong, where the benchmark Hang Seng Index slid 1.6%.(Adds link to short seller story and updates trading from third-to-last paragraph)\--With assistance from Benjamin Robertson.To contact the reporters on this story: Jeanny Yu in Hong Kong at email@example.com;Kiuyan Wong in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Sofia Horta e Costa at email@example.com, ;Jun Luo at firstname.lastname@example.org, Michael PattersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it has successfully completed its private offering of $500.0 million aggregate amount of its 4.000% senior unsecured notes (the “Notes”) due 2029 (the “Offering”). The Notes constitute a further issuance of, are fully fungible with, rank equally with and form a single series with the $500.0 million aggregate principal amount of the 4.000% senior unsecured notes due 2029 issued on November 7, 2019. MSCI intends to use the net proceeds from the Offering, together with available cash, for the pre-maturity redemption or repurchase of $500.0 million aggregate principal amount of its 5.250% senior unsecured notes due 2024 (the “2024 Notes”) pursuant to the indenture governing the 2024 Notes (the “Redemption”).
Many investors ask what is ESG investing and how can it help them make money. MSCI's Lisa-Eling Lee explains what ESG ratings mean for investors and companies.
More investors registered for the SRI Conference in Colorado Springs while sustainable funds are receiving bigger chunks of money and competition is heating up among data providers.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it priced its private offering of $500.0 million aggregate amount of 4.000% senior unsecured notes due 2029 (the "notes") at an issue price of 100% plus accrued interest from November 7, 2019, to yield 4.000% (the "Offering"). The notes constitute a further issuance of, are fully fungible with, rank equally with and form a single series with the $500.0 million aggregate principal amount of the 4.000% senior notes due 2029 issued on November 7, 2019. MSCI intends to use the net proceeds from the Offering, together with available cash, for the partial redemption or repurchase of $500.0 million aggregate principal amount of its 5.250% senior notes due 2024, of which there is currently $800.0 million aggregate principal amount outstanding.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it is proposing to issue $250.0 million aggregate amount of senior unsecured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). If the offering is successfully placed, MSCI intends to use the net proceeds from the offering, together with available cash, for the partial redemption, in an amount equal to the aggregate issue amount of the offering, of its 5.250% senior notes due 2024, of which there is currently $800.0 million aggregate principal amount outstanding. The notes will be senior unsecured obligations of MSCI and will be guaranteed by MSCI and certain of its domestic subsidiaries.
There are several U.S.-listed exchange traded funds dedicated to A-shares stocks including the KraneShares Bosera MSCI China A–Share ETF (NYSE: KBA). Several of these funds track the CSI 300 Index, a widely followed A-shares gauge.
We wouldn't blame MSCI Inc. (NYSE:MSCI) shareholders if they were a little worried about the fact that Benjamin...
(Bloomberg) -- Stocks in Kuwait and Saudi Arabia rose the most in the Gulf as investors reacted positively to a review by index compiler MSCI Inc. late last week.Kuwait’s index advanced as much as 1.8% after MSCI said it will increase the weight of National Bank of Kuwait SAK, the country’s biggest lender, within its benchmarks. That’s “a big positive surprise,” analysts at EFG-Hermes said. NBK’s shares gained as much as 4.3%, the most in two years.In Riyadh, Arab National Bank climbed as much as 5.4% after MSCI said it will add the stock to its emerging-markets index. It finished at the highest level in over a month.Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh. Saudi Arabia will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. While the document didn’t disclose the number of shares to be sold, it will allocate up to 0.5% of the stock to individual investors.NBK ends 2.8% higher at KW0.962, boosting the Premier Market index 1.1%Finishes at the highest level since Sept. 25Arab National Bank climbs 2.1% to finish at SAR23.30National Agriculture Development Co. gains 2.7%, the most in two weeks, after proposing a 20% capital increase through the distribution of one bonus share for every five heldThe Tadawul All Share Index advanced 1%Emirates NBD falls 2.2% in Dubai, dragging down the DFM General Index, which drops 1.4%NOTE: The subscription for the lender’s $1.76b rights issue starts Sunday and will close on Nov. 20Also in Dubai, Emaar Development slumps 7.2% after being excluded from MSCI’s main indexesExchanges in Bahrain, Oman and Egypt are closed for holidaysTo contact the reporter on this story: Filipe Pacheco in Dubai at email@example.comTo contact the editors responsible for this story: Celeste Perri at firstname.lastname@example.org, James AmottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.