ESG Research


MSCI EAFE ESG Focus Index MSCI EAFE Index Tobacco and Controversial Weapons Companies MSCI EM (Emerging Markets) ESG Focus Index MSCI EM (Emerging Markets) Index Tobacco and Controversial Weapons Companies MSCI USA ESG Focus Index MSCI USA Index Tobacco and Controversial Weapons Companies Please refer to Appendix 1 for more details on exclusions. .

Current performance may be lower or higher than the performance quoted. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.

DWS partners with MSCI on international ESG ETF

MSCI ESG Research is an independent provider of ESG data, reports and ratings based on published methodologies and available to clients on a subscription basis. We do not provide custom or one-off ratings or recommendations of securities or other financial instruments upon request.

But these particular industries are only part of the picture. Institutional investors may want to look beyond the usual suspect carbon-intensive industries to better understand the end-to-end risks.

Such searching questions are being asked by an increasing number of beneficiaries of public funds, about where and how their retirement funds are invested. But understanding the societal impact of an investment is no easy task for institutional investors. We propose a systematic framework they can use. This paper examines some of the underlying economic questions: How have markets priced ESG characteristics?

Have they been fully priced? Have there been sweetspots? How quickly did the market incorporate ESG information? Despite strong headwinds, the tobacco industry has proved quite resilient. Some institutional investors may be asking whether they should lift tobacco bans in their investment policies.

We believe the better questions are: Could investors have obtained the gains associated with these stocks without actually owning them? In June , the Task Force on Climate-related Financial Disclosure TCFD released climate-related disclosure recommendations that included a framework for better company disclosure and a request for climate scenarios as part of that disclosure. But how many companies actually provide the requested data?

Contrary to concerns expressed by many observers, we found no compelling evidence of a negative impact from share buybacks on long-term value creation for investors overall. We did find, however, that share buybacks can impact long-term investment returns differently for active and passive investors. As interest in ESG investing continues to grow, so does the number of actively managed strategies that integrate environmental, social and governance considerations into their investment processes.

However, institutional investors and managers have been benchmarking many of these ESG-tilted strategies against standard market-cap-weighted indexes. While these indexes provide a broad basis for evaluating performance, they lack the ability to provide the insights that might be gained from ESG-focused benchmarks. Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses.

Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as k plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

None of these companies make any representation regarding the advisability of investing in the Funds. Reproduced by permission; no further distribution. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction.

MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them.

Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties which are expressly disclaimed , nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto.

The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. Our Company and Sites. United States Select location. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost.

Current performance may be lower or higher than the performance quoted. Fund expenses, including management fees and other expenses were deducted. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Inception Date Jun 28, Bloomberg Index Ticker NU Shares Outstanding as of Jan 04, 8,, Number of Holdings The number of holdings in the fund excluding cash positions and derivatives such as futures and currency forwards.

Closing Price as of Jan 04, Volume The average number of shares traded in a security across all U. Daily Volume The number of shares traded in a security across all U.

Negative book values are excluded from this calculation. Equity Beta 3y Calculated vs. A beta less than 1 indicates the security tends to be less volatile than the market, while a beta greater than 1 indicates the security is more volatile than the market. Standard Deviation 3y Standard deviation measures how dispersed returns are around the average. A higher standard deviation indicates that returns are spread out over a larger range of values and thus, more volatile.

Distribution Yield The annual yield an investor would receive if the most recent fund distribution and current fund price stayed the same going forward.

The Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months. Negative Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.