MSCI Index Increases Constituent Funds In Quarterly Review

by Phillip Morton, Investors Offshore.com

16 April 2004

Equity, fixed income and hedge fund indices provider MSCI has announced the results of the April Quarterly Index Review of the MSCI Hedge Invest Index, its index containing funds with weekly liquidity.

As a result of this quarterly review, the number of constituent funds in the index will increase to 88 from 82. The firm has also revealed that 13 hedge fund investment processes and 27 strategies are represented in the index.

The MSCI Hedge Invest Index was launched on July 15, 2003 with 64 constituent funds, in response to client demand for an index consisting of a diverse sample of hedge funds and representing a broad range of hedge fund strategies.

The Index's constituent funds also provide weekly liquidity. The Index is designed to serve as the basis of a wide range of index-linked financial products.

The Index is reviewed quarterly in an attempt to ensure appropriate weighting of the strategy weights of the investable hedge fund index, taking into account changes to the strategy weights in the hedge fund universe as represented by the broader MSCI Hedge Fund Composite IndexSM.

The MSCI Hedge Invest Index is separate from the MSCI Hedge Fund IndicesSM and fund database. The MSCI Hedge Invest Index contains a set of hedge funds with weekly liquidity while the MSCI Hedge Fund Indices and fund database contain both open and closed funds.

Recommended