TT International Switches Benchmark from FTSE to MSCI
HONG KONG--(BUSINESS WIRE)-- MSCI Inc. (NYSE: MSCI (MXB)), a leading provider of investment decision support tools worldwide, is pleased to announce that TT International, a UK based high-alpha specialist offering long only and hedge fund strategies, has adopted the MSCI Europe ex UK Index as the benchmark for the TT Europe ex UK Equity Fund, replacing the FTSE Europe ex UK Index.
TT International already uses a wide range of MSCI indices as benchmarks for its funds, including the MSCI EAFE, MSCI ACWI ex US, MSCI World ex US, MSCI Emerging Markets, MSCI Europe and MSCI AC Asia ex Japan Indices.
The MSCI indices are all built according to the same underlying construction rules, which means we can quickly and easily compare performance across funds, said James Everett, Partner at TT International. Consistency, transparency and independence are key factors for us when choosing an index provider and MSCI delivers on all three.
The decision by TT International to extend the range of MSCI indices it uses as benchmarks for its funds is great news, and is further evidence of the appeal of our indices to institutional investors offering global, regional and country specific funds, said Baer Pettit, Managing Director and Head of the MSCI Index Business.
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 companys flagship product offerings are: the MSCI indices with approximately 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; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; ISS governance research and outsourced proxy voting and reporting services; FEA valuation models and risk management software for the energy and commodities markets; and CFRA forensic accounting risk research, legal/regulatory risk assessment, and duediligence. MSCI is headquartered in New York, with research and commercial offices around the world.
1As of June 30, 2011, based on eVestment, Lipper and Bloomberg data.
For further information on MSCI, please visit our web site at www.msci.com
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Source: MSCICopyright Business Wire 2012