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The MSCI World is a widely followed global
The MSCI World is a widely followed global stock market index
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
that tracks the performance of around 1,500 large and mid-cap companies across 23 developed countries. It is maintained by MSCI
MSCI Inc. (formerly Morgan Stanley Capital International) is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and ...
, formerly Morgan Stanley Capital International, and is used as a common benchmark for global stock fund
A stock fund, or equity fund, is a fund that invests in stocks, also called equity securities. Stock funds can be contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is general ...
s intended to represent a broad cross-section of global markets.
The index includes a collection of stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...
s of all the developed market
In investing, a developed market is a country that is most developed in terms of its economy and capital markets. The country must be high income, but this also includes openness to foreign ownership, ease of capital movement, and efficiency of m ...
s in the world, as defined by MSCI. The exclusion of stocks from emerging and frontier economies makes the index less worldwide than the name suggests. A related index, the MSCI All Country World Index (ACWI), incorporates both developed and emerging countries. MSCI also produces a Frontier Markets index, including another 31 markets.
The MSCI World Index has been calculated since 1969, in various forms: without dividend
A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex ...
s (Price Index), with net or with gross dividends reinvested (Net and Gross Index), in US dollars
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...
, Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...
and local currencies.
Countries/regions
The index includes companies in the following countries/regions: * Australia * Austria * Belgium * Canada * Denmark * Finland * France * Germany * Hong Kong * Ireland * Israel * Italy * Japan * Netherlands * New Zealand * Norway * Portugal * Singapore * Spain * Sweden * Switzerland * United Kingdom * United StatesSector representation
The GICS breakdown is shown here, with information technology being the biggest sector.Total annual returns
*(a)Total return
The total return on a portfolio of investments takes into account both the capital appreciation on the portfolio, and the income received on the portfolio. The income typically consists of interest, dividends, and securities lending fees. This co ...
s including reinvested dividends.
See also
*FTSE Global Equity Index Series
The FTSE Global Equity Index Series is a series of stock market indices provided by FTSE Group. It was launched in September 2003, and provides coverage of over 17,000 stocks in 48 countries, covering 98% of the world's investable market capitaliza ...
(FTSE All-World Index)
* Exchange-traded fund
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or comm ...
* MSCI EAFE
The MSCI EAFE Index is a stock market index that is designed to measure the equity market performance of developed markets outside of the U.S. & Canada. It is maintained by MSCI Inc., a provider of investment decision support tools; the EAFE acro ...
* S&P Global 1200
* Stock market index
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
References
{{Reflist Global stock market indices Morgan Stanley