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Barclays and MSCI Unveil Family of Global ESG Fixed Income Indices

  Barclays and MSCI Unveil Family of Global ESG Fixed Income Indices

Benchmarks are first to be based on Environmental, Social & Governance (ESG)
factors

Business Wire

NEW YORK -- June 11, 2013

Barclays and MSCI Inc. (NYSE: MSCI) today announced the launch of a global
family of Environmental, Social & Governance (ESG) Fixed Income Indices, the
first fixed income benchmark indices based primarily on ESG factors. The
indices are co-branded “Barclays MSCI” and will be independently marketed by
both firms.

The Barclays MSCI ESG Fixed Income Indices comprise more than 500 standard and
bespoke indices representing the most widely used ESG strategies and
investment objectives across three categories:

  *Barclays MSCI Socially Responsible (SRI) Indices exclude issuers that
    engage in particular businesses activities that may be restricted for
    certain investors and are intended for investors whose investment
    selections are governed by values-based policies.
  *Barclays MSCI Sustainability Indices apply a best-in-class methodology to
    select issuers (sovereign, corporate, and quasi-sovereign) with high ESG
    ratings relative to their peers. These indices are intended for investors
    who place a premium on companies’ sustainability strategies and believe
    ESG criteria can be applied to identify companies that are more effective
    in managing the ESG risks unique to their industry.
  *Barclays MSCI ESG Weighted Indices use ESG ratings to systematically over-
    and under-weight issuers within a bond index using an objective
    rules-based approach. These indices are targeted toward universal owners
    whose investment strategies express a view on the financial impact that
    ESG factors will have on their investments.

These indices fill a critical gap in the market by providing asset owners and
managers with ESG commitments, such as UN PRI (United Nations Principles for
Responsible Investing) signatories, with a comprehensive series of performance
benchmarks. Additionally, institutional investors will be able to leverage
these indices to create index-linked investment products, such as Exchange
Traded Funds (ETFs), separately managed accounts, and structured products,
based on ESG investment themes.

Waqas Samad, Head of Index, Portfolio and Risk Solutions at Barclays said:
“The Barclays MSCI ESG indices represent an important milestone in the growth
of the ESG fixed income sector and reflect our ongoing commitment to expand
our family of index products to meet the evolving needs of fixed income
investors.”

Baer Pettit, Head of the MSCI Index Business, said: “We are very pleased to
collaborate with Barclays to bring these innovative products to market. The
new indices provide ESG investors with fixed income assets tools to support
their asset allocation decisions, benchmark performance, conduct attribution
analysis as well as the ability to offer active and passive funds. We expect
the fixed income benchmarks to stimulate growth of ESG investment in this key
asset class.”

About Barclays

Barclays is a major global financial services provider engaged in personal
banking, credit cards, corporate and investment banking and wealth and
investment management with an extensive international presence in Europe, the
Americas, Africa and Asia. Barclays’ purpose is to help people achieve their
ambitions – in the right way. With over 300 years of history and expertise in
banking, Barclays operates in over 50 countries and employs approximately
140,000 people. Barclays moves, lends, invests and protects money for
customers and clients worldwide. Barclays offers premier investment banking
products and services to its clients through Barclays Bank PLC. For more
information, visit www.barclays.com

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*; 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.

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

About MSCI ESG Research

MSCI ESG Research products and services are designed to provide in-depth
research, ratings and analysis of environmental, social and governance-related
business practices to companies worldwide. ESG ratings, data and analysis from
MSCI ESG Research are also used in the construction of the MSCI ESG Indices.
MSCI ESG Research is produced by MSCI’s indirect wholly-owned subsidiary
Institutional Shareholder Services, Inc. (“ISS”). ISS is a Registered
Investment Adviser under the Investment Advisers Act of 1940.

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

This document and all of the information contained in it, including without
limitation all text, data, graphs, charts (collectively, the “Information”) is
the property of MSCI Inc. and/or its subsidiaries (collectively, “MSCI”),
Barclays Bank PLC. and/or its affiliates (collectively, “Barclays”), or their
licensors, direct or indirect suppliers or any third party involved in making
or compiling any Information (collectively, with MSCI, the “Information
Providers”) and is provided for informational purposes only. The Information
may not be reproduced or redisseminated in whole or in part without prior
written permission from MSCI. All rights in the Barclays MSCI Environmental,
Social & Governance (ESG) fixed income indices vest in MSCI and Barclays.

The Information may not be used to create derivative works or to verify or
correct other data or information. For example (but without limitation), the
Information many not be used to create indices, databases, risk models,
analytics, software, or in connection with the issuing, offering, sponsoring,
managing or marketing of any securities, portfolios, financial products or
other investment vehicles utilizing or based on, linked to, tracking or
otherwise derived from the Information or any other MSCI data, information,
products or services.

The user of the Information assumes the entire risk of any use it may make or
permit to be made of the Information. NONE OF THE INFORMATION PROVIDERS MAKES
ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE
INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE
MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH INFORMATION PROVIDER
EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY
IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT,
COMPLETENESS, MERCHANTABILITY.

WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY
APPLICABLE LAW, IN NO EVENT SHALL ANY INFORMATION PROVIDER HAVE ANY LIABILITY
REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE,
CONSEQUENTIAL (INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED
OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING SHALL NOT EXCLUDE OR LIMIT
ANY LIABILITY THAT MAY NOT BY APPLICABLE LAW BE EXCLUDED OR LIMITED, INCLUDING
WITHOUT LIMITATION (AS APPLICABLE), ANY LIABILITY FOR DEATH OR PERSONAL INJURY
TO THE EXTENT THAT SUCH INJURY RESULTS FROM THE NEGLIGENCE OR WILFUL DEFAULT
OF ITSELF, ITS SERVANTS, AGENTS OR SUB-CONTRACTORS.

Information containing any historical information, data or analysis should not
be taken as an indication or guarantee of any future performance, analysis,
forecast or prediction. Past performance does not guarantee future results.

None of the Information constitutes an offer to sell (or a solicitation of an
offer to buy), any security, financial product or other investment vehicle or
any trading strategy.

MSCI’s indirect wholly-owned subsidiary Institutional Shareholder Services,
Inc. (“ISS”) is a Registered Investment Adviser under the Investment Advisers
Act of 1940. Except with respect to any applicable products or services from
ISS (including applicable products or services from MSCI ESG Research
Information, which are provided by ISS), none of MSCI’s products or services
recommends, endorses, approves or otherwise expresses any opinion regarding
any issuer, securities, financial products or instruments or trading
strategies and none of MSCI’s products or services is intended to constitute
investment advice or a recommendation to make (or refrain from making) any
kind of investment decision and may not be relied on as such.

The Barclays MSCI ESG Fixed Income Indices use ratings and other data,
analysis and information from MSCI ESG Research. MSCI ESG Research is produced
by ISS or its subsidiaries. Issuers mentioned or included in any MSCI ESG
Research materials may be a client of MSCI, ISS, or another MSCI subsidiary,
or the parent of, or affiliated with, a client of MSCI, ISS, or another MSCI
subsidiary, including ISS Corporate Services, Inc., which provides tools and
services to issuers. MSCI ESG Research materials, including materials utilized
in any MSCI ESG Indices or other products, have not been submitted to, nor
received approval from, the United States Securities and Exchange Commission
or any other regulatory body. Barclays MSCI ESG Fixed Income Indices are
unmanaged indices that cannot be invested in directly. None of the Barclays
MSCI ESG Fixed Income Indices recommend, endorse, approve or otherwise express
any opinion regarding any issuer, securities, financial products or
instruments or trading strategies and none of the Barclays MSCI ESG Fixed
Income Indices are intended to constitute investment advice or a
recommendation to make (or refrain from making) any kind of investment
decision and may not be relied on as such. Any funds, products or other
securities or investment vehicles using or based on the Barclays MSCI ESG
Fixed Income Indices are not sponsored, endorsed, or promoted by Barclays or
MSCI.

Any use of or access to the Barclays MSCI ESG Fixed Income Indices requires a
license from both MSCI and Barclays. Any use of or access to other index
products, services or information of Barclays requires a license from
Barclays. Any use of or access to products, services or information of MSCI
requires a license from MSCI. MSCI, Barra, RiskMetrics, ISS, CFRA, FEA, and
other MSCI brands and product names are the trademarks, service marks, or
registered trademarks of MSCI or its subsidiaries in the United States and
other jurisdictions. The Global Industry Classification Standard (GICS) was
developed by and is the exclusive property of MSCI and Standard & Poor’s.
“Global Industry Classification Standard (GICS)” is a service mark of MSCI and
Standard & Poor’s.

Contact:

Barclays, New York
Brandon Ashcraft, +1-212-412-7549
or
Barclays, London
Jodie Gray, +44-20-7773-4803
or
MSCI, New York
Kristin Meza, +1-212-804-5330
or
MSCI ESG Research, London
Martina Macpherson, +44-20-7618-2224
or
MHP Communications, London
Sally Todd or Christian Pickel, +44-20-3128-8515
 
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