GLOBAL - MSCI Barra announced today it has launched the MSCI Global Currency Indices.
The MSCI Global Currency Indices reflect the performance of both the currency and interest rate returns of the developed and emerging market currencies in regional or composite MSCI equity indices.
David Brierwood, COO, MSCI Barra, said the MSCI Global Currency Indices and the MSCI Short & Leveraged Indices belonged to the MSCI Thematic & Strategy Indices.
The weights of each currency are set equal to the relevant country weight in the corresponding MSCI equity index. The construction methodology of the currency indices enable institutional investors to measure the total investment performance of foreign currencies within an equity portfolio tracking an MSCI equity index.
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