MSCI Indices Q1 2013 Performance Results1

  MSCI Indices Q1 2013 Performance Results1

 Global Equity Markets Deliver Solid Returns Overall, Continuing the Momentum
                                   of 2012

  *Global markets posted significant positive returns, predominantly in
    developed and frontier markets
  *Emerging markets and Europe stumbled somewhat in comparison, exhibiting
    weaker relative performance
  *Small caps surpassed large and mid caps across most regions and countries,
    maintaining the trend of 2012

Business Wire

LONDON -- April 3, 2013

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support
tools worldwide, today published the Q1 2013 performance of its MSCI Global
Equity Indices, which showed strong positive returns for the most part,
extending the decisive rebound of global equities seen in 2012. For example,
the MSCI ACWI Investable Market Index (IMI), comprised of close to 9,000
large, mid and small cap securities across 24 Developed and 21 Emerging
Markets countries, delivered a return of 6.38% for the quarter, on top of its
13.70% gain in 2012.

Globally, small caps substantially outperformed mid and large cap segments
over the quarter. The MSCI ACWI Small Cap Index returned 9.27% in Q1 2013, for
instance, exceeding all other MSCI ACWI index capitalization segments: the
MSCI ACWI Mid Cap and MSCI ACWI Large Cap Indices posted Q1 returns of 7.43%
and 5.66%, respectively.

The MSCI ACWI IMI Health Care and MSCI ACWI IMI Consumer Staples Indices
outperformed all other global sectors, returning 13.35% and 10.72% for the
quarter, respectively. Laggard sectors included the MSCI ACWI IMI Energy and
MSCI ACWI IMI Materials Indices which returned 3.43% and -4.41% for the
period.

Developed Markets

Most MSCI Developed Markets (DM) Indices delivered solid positive returns for
Q1 2013, with the exception of Europe and the EMU. Two MSCI flagship
indices—the MSCI World Index and the MSCI EAFE Index—posted Q1 returns of
7.18% and 4.40%, respectively. The lower performance of MSCI EAFE (which
excludes North America) was primarily due to the strength of the US equity
market, as the MSCI USA Index returned 10.08% in Q1. The MSCI Europe Index
eked out a positive return of 2.05% for the quarter,  while the MSCI EMU Index
posted a loss of -0.66%. Among the highest performing DM countries, were the
MSCI Greece, MSCI Ireland and MSCI Japan Indices with returns of 14.02%,
11.43% and 10.82%, respectively—all rebounding from fairly weak returns in
2012. The DM countries with Q1 losses were primarily in the EMU. The lowest Q1
performers were the MSCI Spain and MSCI Italy Indices (with losses of -6.44%
and -9.77%, respectively), but even the MSCI Germany Index lost some ground
with a Q1 return of -0.08%.

The MSCI DM Small Cap Indices outperformed their mid and large cap
counterparts across the majority of countries and regions in Q1 2013. The MSCI
USA Small Cap Index, for example, returned 12.53%, while the MSCI USA Large
Cap Index returned 9.61% for the quarter. Similarly, the MSCI Europe Small Cap
Index produced a Q1 return of 5.07% (nearly 2.5 times that of the MSCI Europe
Index) and the MSCI World Small Cap Index returned of 10.01% (nearly 1.4 times
that of the MSCI World Index).

Emerging Markets

The MSCI Emerging Markets (EM) Indices posted largely negative returns
relative to both Developed and Frontier Markets. The MSCI Emerging Markets
Index, for example, returned -2.14% for the quarter. The MSCI BRIC Index also
posted a Q1 loss, returning -3.21%. The single EM region to produce a positive
Q1 return, albeit slight, was the MSCI EM Latin America Index which returned
0.48% for the quarter. The top performing EM country indices, however, showed
robust double digit returns for the quarter and included: the MSCI Philippines
Index (17.87%) and the MSCI Indonesia Index (13.19%). On the other hand, the
MSCI Brazil, MSCI India, MSCI Russia, MSCI China and MSCI Korea Indices all
delivered negative Q1 results, with returns of -1.33%, -2.73%, -3.56%, -4.53%,
and -4.65%, respectively.

Reinforcing the trend of global small cap dominance, the MSCI Emerging Markets
Small Cap Index outperformed its large- and mid-cap sibling (the MSCI Emerging
Markets Index), returning 3.63% for the quarter.

Frontier Markets

The Q1 2013 performance results for MSCI Frontier Markets (FM) Indices were
largely positive. The MSCI Frontier Markets Index returned 6.87% for the
quarter. The MSCI Frontier Markets Africa Index was the top-performing
regional FM index with a Q1 return of 16.54%. Nine of the twenty-five single
country FM indices posted double digit returns for the quarter. The top three
Q1 performers included the MSCI Kenya, MSCI UAE and MSCI Bulgaria Indices
which produced returns of 27.56%, 24.12%, and 20.46%, respectively. Bottom
performers were the MSCI Bangladesh and MSCI Slovenia Indices with Q1 2013
returns of -4.14% and -9.35% respectively.

MSCI Risk Premia Indices

In general, the MSCI Minimum Volatility and Risk Weighted Indices outperformed
their parent indices in Q1 2013, while MSCI Value Weighted Indices tended to
slightly underperform their parents.

Historical index levels for the full range of MSCI Global Equity Indices are
available at www.msci.com.

^1 All Q1 2013 index performance data are based on price index levels in USD
for the period 1 January – 29March 2013.

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 basis^1;
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.

^1 As of September 30, 2012, as published by eVestment, Lipper and Bloomberg
on January 31, 2013.

For further information on MSCI, please visit our web site at www.msci.com

Contact:

Media Enquiries:
MSCI, London
Jo Morgan, +44.20.7618.2224
or
MHP Communications, London
Sally Todd | Christian Pickel, +44.20.3128.8515
or
MSCI Global Client Service:
EMEA Client Service, +44.20.7618.2222
Americas Client Service, 1.888.588.4567 (toll free)/+1.212.804.3901
Asia Pacific Client Service, +852.2844.9333
 
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