MSCI Inc. has announced the launch of MSCI Indexes with the ITG Fair Value Model, which will make it simpler for active mutual fund managers to explain some of the tracking error that may be linked to the fair value pricing adjustment of their international and global funds….
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Steve Weintraub, Director, ITG Portfolio Fair Value Service, said, “Ever since the practice of fair valuing funds with international equity holdings became the industry standard in the US, performance comparisons against such popular benchmarks as MSCI’s have been difficult for some fund managers. MSCI’s indexes with ITG’s Fair Value Model will help fund companies better understand the valuation differences between funds and their corresponding benchmarks.”
MSCI will provide fair value adjusted index level data for 129 flagship MSCI Indexes across MSCI ACWI, MSCI EAFE, MSCI World and the MSCI Emerging Markets Index families.
“MSCI’s full suite of indexes with Fair Value data is a reference tool to help investors explain funds’ tracking error versus their benchmarks caused by fair value portfolio pricing,“ said Diana Tidd, Managing Director and Head Americas Index Products for MSCI.
Source: ETFWorld.com
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