Aug 31, 2017 - 115 constituents, covering about 85% of the free float-adjusted market .... Historical data and analysis
MSCI FRONTIER MARKETS INDEX (USD)
The MSCI Frontier Markets Index captures large and mid cap representation across 29 Frontier Markets (FM) countries*. The index includes 115 constituents, covering about 85% of the free float-adjusted market capitalization in each country.
CUMULATIVE INDEX PERFORMANCE - GROSS RETURNS
400
ANNUAL PERFORMANCE (%)
(USD) (SEP 2002 – SEP 2017)
Year
MSCI Frontier Markets MSCI ACWI + Frontier Markets MSCI ACWI
50 Dec 03
Mar 05
Jun 06
Sep 07
Dec 08
Mar 10
Jun 11
INDEX PERFORMANCE — GROSS RETURNS
Sep 12
Dec 13
Mar 15
Jun 16
MSCI ACWI + Frontier Markets
MSCI ACWI
3.16 -14.07 7.21 26.32 9.25 -18.38 24.24 11.72 -54.10 42.06 -8.86 72.74 22.67 43.56
8.47 -1.87 4.73 23.45 16.77 -6.92 13.26 35.28 -41.89 12.33 21.37 11.50 15.63 33.60
8.48 -1.84 4.71 23.44 16.80 -6.86 13.21 35.41 -41.85 12.18 21.53 11.37 15.75 34.63
2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
401.10 396.44 372.15
200
Sep 02
MSCI Frontier Markets
Sep 17
FUNDAMENTALS
(%) ( SEP 29, 2017 )
( SEP 29, 2017 )
ANNUALIZED 1 Mo
3 Mo
1 Yr
YTD
3 Yr
5 Yr
10 Yr
Since May 31, 2002
Div Yld (%)
P/E
P/E Fwd
P/BV
MSCI Frontier Markets
2.07
8.10
25.95
25.27
-0.93
9.16
-0.74
8.99
3.17
15.04
na
1.82
MSCI ACWI + Frontier Markets
1.97
5.32
19.30
17.77
8.00
10.79
4.44
7.57
2.39
19.98
na
2.27
MSCI ACWI
1.97
5.31
19.29
17.75
8.02
10.79
4.45
7.61
2.39
20.00
16.07
2.27
INDEX RISK AND RETURN CHARACTERISTICS
( SEP 29, 2017 )
ANNUALIZED STD DEV (%) 2
MSCI Frontier Markets MSCI ACWI + Frontier Markets MSCI ACWI
SHARPE RATIO 2 , 3
MAXIMUM DRAWDOWN
Turnover (%) 1
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Since May 31, 2002
(%)
Period YYYY-MM-DD
15.12 2.60 2.60
11.64 10.57 10.58
11.47 9.94 9.95
18.68 16.88 16.90
-0.07 0.74 0.74
0.79 1.05 1.05
0.02 0.30 0.30
0.48 0.46 0.46
67.44 58.01 58.06
2008-01-15—2009-03-03 2007-10-31—2009-03-09 2007-10-31—2009-03-09
1
Last 12 months
2
Based on monthly gross returns data
3
Based on ICE LIBOR 1M
* Frontier Markets countries include: Argentina, Bahrain, Bangladesh, Burkina Faso, Benin, Croatia, Estonia, Guinea-Bissau, Ivory Coast, Jordan, Kenya, Kuwait, Lebanon, Lithuania, Kazakhstan, Mauritius, Mali, Morocco, Niger, Nigeria, Oman, Romania, Serbia, Senegal, Slovenia, Sri Lanka, Togo, Tunisia and Vietnam. The MSCI Frontier Markets Index was launched on Dec 18, 2007. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time period had the index existed). There are frequently material differences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee of future performance.
MSCI FRONTIER MARKETS INDEX
SEP 29, 2017
INDEX CHARACTERISTICS
TOP 10 CONSTITUENTS
MSCI Frontier Markets
Number of Constituents
Country
115
NATIONAL BANK OF KUWAIT KUWAIT FINANCE HOUSE BANCO MACRO B ADR VIETNAM DAIRY PRODUCT GRUPO FIN GALICIA B ADR MOBILE TELECOM CO YPF D ADR PAMPA ENERGIA ADR AHLI UNITED BANK (KW) SAFARICOM Total
Mkt Cap ( USD Millions)
Index Largest Smallest Average Median
119,125.23 7,307.69 54.31 1,035.87 557.26
SECTOR WEIGHTS
Float Adj Mkt Cap ( USD Billions)
Index Wt. (%)
Sector
7.31 5.62 5.32 4.76 4.73 4.04 3.94 3.83 3.15 2.88 45.58
6.13 4.72 4.46 4.00 3.97 3.39 3.31 3.21 2.65 2.42 38.26
Financials Financials Financials Cons Staples Financials Telecom Srvcs Energy Utilities Financials Telecom Srvcs
KW KW AR VN AR KW AR AR BH KE
COUNTRY WEIGHTS
7.95%
5.5%
10.5%
4.2% 3.95%
13.68%
33.25%
7.74% 7.96%
3.93% 2.89%
10.12%
0.93% 21.95%
0.87% 45.59%
Financials 45.59% Energy 7.95% Materials 3.93%
Telecommunication Services 13.68% Real Estate 5.5% Health Care 2.89%
Industrials 4.2%
Consumer Staples 10.5% Utilities 3.95%
18.99%
Argentina 21.95% Morocco 7.74%
Kuwait 18.99%
Vietnam 10.12%
Nigeria 7.96%
Other 33.25%
Information Technology 0.93%
Consumer Discretionary 0.87%
INDEX METHODOLOGY The index is based on the MSCI Global Investable Market Indexes (GIMI) Methodology —a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability. The index is reviewed quarterly—in February, May, August and November—with the objective of reflecting change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large and mid capitalization cutoff points are recalculated.
ABOUT MSCI For more than 40 years, MSCI' research-based indexes and analytics have helped the world' leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research. MSCI serves 98 of the top 100 largest money managers, according to the most recent P&I ranking. For more information, visit us at www.msci.com. The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct other data, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. © 2017 MSCI Inc. All rights reserved.
MSCI FRONTIER MARKETS INDEX
