MSCI has launched a new index, the MSCI Global Capital Markets Index, designed to help high net worth individuals and other investors to tra...

MSCI has launched a new index, the MSCI Global Capital Markets Index, designed to help high net worth individuals and other investors to track individual portfolios against investable global indices. MSCI said the new index would provide a better understanding of the risk/return characteristics and diversification benefits of different asset classes and “thus serves the investor’s asset allocation process”. The index currently covers over 11,000 securities with a total capitalization of more than $40 trillion. MSCI said it is the first multiple-asset class index calculated by a major index provider. “Previously, investors had to combine different indices, from different providers, with different index methodologies to try to approximate this universe,” MSCI said in a statement.