/Creator (MSCI Fact Sheet Generator V2) Qd1ItMll>h<9M9M6G:zulpTi6Ow d_ n % Rank: These companies account for $2.15 trillion in market-cap value and approximately 14% of the index's market capitalization. Israel was classified by MSCI as a developed country in May 2010 and added to the EAFE Index at that time. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. Its the Right Time to Invest Overseas. The investment seeks to track the investment results of the MSCI EAFE Index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. rl1 Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. Please check your download folder. This fund does not seek to follow a sustainable, impact or ESG investment strategy. Like the EAFE, the ACWI provides a transparent vehicle that can be tracked. ?_l) Visit the 360 Evaluator tool, exclusively for advisors, to analyze investments within a portfolio context in minutes. The ITR metric estimates a funds alignment with the Paris Agreement temperature goal. Upgrade now. If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. Returns for periods of 1 year and above are annualized. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. Yellow areas show bull markets. They also have iShares MSCI EAFE Small-Cap which has just the small caps. Lower costs: Securities that seek to match the index's performance will be passively managed and, thus, be able to offer investors lower costs relative to actively-managed ETFs and mutual funds. The ITR metric is not an indication or estimate of a funds performance or risk. 2019 BlackRock, Inc. All rights reserved. Investment Strategy. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 2.44% and for Oil Sands 2.90%. Other ETFs that mirror the performance of the EAFE Index are iShares Core MSCI EAFE (IEFA) and the iShares MSCI EAFE Small-Cap (SCZ) ETFs. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. . % ! Foreign Stocks Are Finally Poised to Shine. Typically, this is done by purchasing index-tracking financial products, such as ETFs. Source: I/B/E/S data by Refinitiv and Standard & Poor's. yardeni.com Page 2 / April 13, 2023 / Stock Market Briefing: Selected P/E Ratios Index Market Capitalization $23.01 billion; About the Index. Australasia is a region that includes Australia and New Zealand. All other marks are the property of their respective owners. International stocks have lagged behind U.S. since financial crisis, says analyst, The Past Two Decades Have Squeezed Stocks. Np%p `a!2D4! Heres a Way to Play the Next 10, Home bias, anyone? They are provided for transparency and for information purposes only. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. MAR 31, 2023 Index Factsheet MSCI EAFE Index (USD) | msci.com INDEX CHARACTERISTICS MSCI EAFE Number of Constituents 795 Mkt Cap ( USD Millions) TOP 10 CONSTITUENTS Country Float Adj Mkt Cap ( USD Billions) Index Wt. Top 10 Holdings Weight (%) Nestle S.A. 2.44 For example, Thrift Savings Plan's international fund (I Fund) tracks the net version of this index. By comparing the performance of funds to that of the EAFE Index, a manager can ascertain whether they are adding value to their clients' portfolios. endobj /CreationDate (D:20230405090521Z) Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. Limited country exposure: Countries such as China, India, Brazil, and Russia are excluded from the EAFE Index. MSCI EAFE Value Index. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the funds assets under management or other measures. Investors and asset managers use the EAFE Index as a performance benchmark for international developed market equities. Investors should not rely on this metric when making an investment decision and instead should refer to a funds prospectus and governing documents. /Filter /FlateDecode The 71st to 85th percentiles represent the MSCI EAFE Mid Cap, and the 85th to 99th percentiles represent the MSCI EAFE Small Cap. An example of an ETF that tracks the performance of the EAFE Index is the iShares MSCI EAFE ETF (EFA). Price/Earnings Ratio FY1 13.16 Number of Holdings 766 Price/Book Ratio 1.67 1. Please check your download folder. "t a","H 100. Learn everything about iShares MSCI EAFE ETF (EFA). P/E Ratio. in a single composite index: the MSCI EAFE Value Weighted Index, the MSCI EAFE Minimum Volatility Index, and the MSCI EAFE Quality Index (each, a "Component Index"). There is not a universally agreed upon set of inputs for the calculation. These adjustments are made based on the timing of the event and availability of information at the time of the event. Here Are the Best Funds to Do It. This difference may result in divergence of ETF total return and benchmark return. Investments based on market cap: Since the EAFE Index weights its allocations according to market capitalization, funds do the same. So investments that track it should have less volatile performance as well. The investment seeks to track the investment results of the MSCI EAFE Index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. The EAFE Index is an international stock index that was launched in 1986 by Morgan Stanley Capital International. These include white papers, government data, original reporting, and interviews with industry experts. The top 10 company listings and their index weights are shown below. What are the key assumptions and limitations of the ITR metric? The MSCI EAFE Index includes 85% of free float-adjusted, market capitalization in each industry group in developed market countries, excluding the U.S. and Canada. Learn more. /Author (MSCI Inc. - www.msci.com) (%) Sector NESTLE CH 454.08 2.19 Cons Staples ASML HLDG NL 370.59 1.79 Info Tech NOVO NORDISK B DK 354.79 1.71 Health Care MSCI is an investment research firm that provides indexes, portfolio risk and performance analytics, and governance tools to institutional investors. Please check your download folder. Free ratings, analyses, holdings, benchmarks, quotes, and news. Last edited on 15 December 2021, at 22:28, https://en.wikipedia.org/w/index.php?title=MSCI_EAFE&oldid=1060499115, This page was last edited on 15 December 2021, at 22:28. Therefore, investments tracking it will also exclude them and their potentially attractive return opportunities. Additional information about the sources, amounts, and terms of compensation can be found in the ETFs prospectus and related documents. That may limit potential return. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Whats Next? The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Read the prospectus carefully before investing. % MSCI EAFE Indexes. << Price/Earnings Ratio FY1 12.05 Number of Holdings 701 Price/Book Ratio 1.67 1. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 12.51 and a beta of 0.86. iShares ESG Aware MSCI EAFE ETF has a 1-year low of $54.74 and a 1-year high of $74.00. What is the Implied Temperature Rise (ITR) metric? The temperature goal of the Paris Agreement is to limit global warming to well below 2C above pre-industrial levels, and ideally 1.5 C, which will help us avoid the most severe impacts of climate change. F+s9H } 4(JR!$AkRf[(t Bw!hz#0 )l`/8p.7p|O~ International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index (the "Index"); First ever international developed markets fossil fuel reserves free ETF; Seeks to offer climate-conscious investors exposure to international equities while . [3] EFA is the fourth-largest ETF in the world. The returns shown do not represent the returns you would receive if you traded shares at other times. iShares funds are powered by the expert portfolio and risk management of BlackRock. %PDF-1.4 /Title (MSCI EAFE Index) {{{;}#q8?\. Index performance returns do not reflect any management fees, transaction costs or expenses. The U.S. and Canada are among the countries excluded by the index. Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. The ratio is calculated using an index of 3,000 public companies around the world based in 49 different countries. 990300 | A complete MSCI EAFE Index index overview by MarketWatch. Certain information contained herein (the Information) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (MSCI)), or third party suppliers (each an Information Provider), and it may not be reproduced or redisseminated in whole or in part without prior written permission. Business Involvement metrics are only displayed if at least 1% of the funds gross weight includes securities covered by MSCI ESG Research. 2023 BlackRock, Inc. All rights reserved. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Because of this, PE Ratio is great to evaluate from a relative standpoint with other similar companies. It first ranks each stock in the investable universe from largest to smallest by market capitalization. << /N 3 Depending on the MSCI Equity Index Series or the Global Equity Model, MSCI will provide different fundamental data for each product on a monthly basis. The table below shows the sectors represented in the MSCI EAFE Index and their respective weights. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. 159 0 obj <>/Filter/FlateDecode/ID[<3FABE539A3B65AADE86254A154DB9024><437394614B633144AEF832A67765D404>]/Index[153 21]/Info 152 0 R/Length 53/Prev 603767/Root 154 0 R/Size 174/Type/XRef/W[1 2 1]>>stream Figure 2. hb```f``Rb`2>00 PaE)1Jp)y1aZsFb: 513bkxU?7X gI3`h`#V7@_&2pZ i fB' F nc . Ne3: _ 5 0 obj This fund is similar to EFA but its portfolio represents nearly all of each country's investable market capitalization, while EFA only covers the top 85%, which excludes most small-cap stocks. NAV as of Apr 11, 2023 $49.61. MI #~__ Q$.R$sg%f,a6GTLEQ!/B)EogEA?l kJ^- \?l{ P&d\EAt{6~/fJq2bFn6g0O"yD|TyED0Ok-\~[`|4P,w\A8vD$+)%@P4 0L ` ,\@2R 4f Institutional investors and asset managers use the EAFE index as a performance benchmark for the international developed equity market. (4-17-23), 30-Day SEC Yield %%EOF "t a","H Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. iShares MSCI China ETF. About iShares ESG Aware MSCI EAFE ETF The countries covered by the MSCI EAFE Index are shown in the chart below. Something went wrong while loading Watchlist. The index has been calculated since 31 December 1969, making it the oldest truly international stock index. Privacy Notice | The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. 10.74. Cookie Notice (). For the best MarketWatch.com experience, please update to a modern browser. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. >> MSCI has established an information barrier between equity index research and certain Information. With more than twenty years of experience and a global line-up of 1,250+ ETFs, iShares continues to drive progress for the financial industry. Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric. EFA has net assets of $49 billion and a 0.33% expense ratio, as of February 2023. Its Paying Off. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. As of July 31, 2021, the index . To be included in MSCI ESG Fund Ratings, 65% of the funds gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a funds gross weight; the absolute values of short positions are included but treated as uncovered), the funds holdings date must be less than one year old, and the fund must have at least ten securities. 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