Hong Kong--June 17, 2013--(Business Wire)--MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, is pleased to announced that the MSCI US REIT Index is the underlying index for a new index fund launched today in mainland China by GF Fund Management Co., LTD under the QDII (Qualified Domestic Institutional Investor) scheme.
“We are pleased that the GF Fund Management Company has chosen the MSCI US REIT Index as the basis of their new Passive Fund,” said Theodore Niggli, Managing Director and Head of MSCI’s Index Business in Asia Pacific. “We believe that our Real Estate expertise and our credibility among leading Chinese investors were determining factors. The US REITS category has been of strong interest for those investors seeking yield, inflation protection and portfolio diversification, while betting on the continued recovery of the US REITS as a dedicated investment universe.”
“We chose the MSCI US REIT index as the basis for the GF MSCI US REIT QDII Fund because its strong focus on investability allows us to build an index replication strategy with lower cost” said Mr. Lin Chuanhui, CEO of GF Fund Management Company. “This new QDII fund complements our other QDII offerings and further provides Chinese investors with the access to alternative investment asset class and the benefits of high dividend yield.”
The MSCI US REIT Index is a free float-adjusted market capitalization index consisting of equity REITS that are included in the MSCI US Investable Market 2500 Index. It excludes specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. Additional features of the MSCI US REIT Index include:
- Strong focus on investability
- Lower turnover resulting in lower cost of replication
- Current number of index constituents is 120
-Ends-
About MSCI
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools.
The company’s flagship product offerings are: the MSCI indices with close to USD 7 trillion estimated to be benchmarked to them on a worldwide basis1; Barra multi-asset class factor models, portfolio risk and performance analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indices and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; ISS governance research and outsourced proxy voting and reporting services; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
1As of September 30, 2012, as published by eVestment, Lipper and Bloomberg on January 31, 2013
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