Free Indices

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Free Indices

Usually refers to indices constructed by Morgan Stanley Capital International such that the market capitalization weights reflect the degree to which a stock is investible by foreigners. For example, if a stock has $700 million capitalization but government restrictions only allow up to 50% to be held by foreigners, then the weight in the Free index would by $350 million. The Standard and Poors/International Finance Corporation indices call their equivalent indices Investible Indices (IFCI).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Free Indices

A series of indices developed by Morgan Stanley tracking securities that trade in various countries; the indices are weighted for market capitalization and the ability for foreigners to invest in them. For example, a free index may have a market capitalization of $1 billion, but if the laws of the countries in which the securities trade only allow up to 25% foreign ownership, the free index lists a market capitalization of $250 million. A prominent free index is the emerging markets free index. See also: BRIC.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In the 12 months to January 31, the trust's NAV total return was negative 7.4% compared to its benchmark, the MSCI AC Asia Pacific Free Index, losing 5.4% in the same period.
According to the site, "The Open Music Library is an initiative from Alexander Street to build the world's largest free index of digital resources for the study of music." (https://openmusiclibrary .org/about/, accessed 12 July 2018) As of 27 June 2018, the home page indicates that more than 215,000 people, 202,000 scores, 4,500 videos, and 1,105,900 articles are linked from the site.
S&P Dow Jones Indices is now publishing carbon metrics on the majority of its equity indexes, including the S&P Global 1200, S&P 500, Dow Jones industrial average and environmentally focused indexes including the S&P Global 1200 Carbon Efficient Index Family and the S&P Global 1200 Fossil Fuel Free Index Family.
However, it may very well happen that all [H.sub.1] and 1 [less than or equal to] i [less than or equal to] h fail to provide a free index. In that case, being out of options, we have to resort to our auxiliary vector data structure.
At the end of 2015, State Street Global Advisors (SSGA), State Street's asset management business, launched a fossil fuel-free exchange traded fund based on the S&P 500 Fossil Fuel Free Index. This brings the total number of SSGA's environmental, social and governance (ESG) products to 17.*
The Thomson Reuters/Future Super Australia Fossil Free Index, a tool created to compare fossil fuel-free investment strategies with the broader sharemarket, shows fossil-free investment strategies returned 4.96% in 2015 while the broader sharemarket returned only 2.12%.
The fossil free index combines quantitative climate efficiency data with best-in-class sustainability screening, and was developed by Etho Capital, a new investment management company committed to taking sustainable investing mainstream.
They are ranked 40th in the country from over 8,000 electrical businesses, according to Free Index ranking.
But the university bosses say as soon as a fossil free index linked fund is available they will move their investments.
Taiwan stock market has become an increasingly popular investment destination in the Asian stock markets, particularly since the Taiwan Stock Index (TSI) is introduced into the Morgan-Stanley Emerging Market Free Index, World Free Index and Fareast Free index.
It is a free index that publishes cart abandonment stats for smaller etailers.
In the meantime, MSCI also trimmed Taiwan's weighting by 0.04 of a percentage point to 11.24% in its MSCI Emerging Markets Free Index from 11.28%.