MSCI Announces the Results of the 2013 Annual Market Classification Review

  MSCI Announces the Results of the 2013 Annual Market Classification Review

Business Wire

GENEVA -- June 11, 2013

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support
tools worldwide, including indices, portfolio risk and performance analytics
and corporate governance services, announced today its decision to reclassify
the MSCI Qatar and MSCI UAE Indices from Frontier Markets to Emerging Markets,
the MSCI Greece Index from Developed Markets to Emerging Markets and the MSCI
Morocco Index from Emerging Markets to Frontier Markets. The reclassifications
of the MSCI Qatar and MSCI UAE Indices will coincide with the May 2014
Semi-Annual Index Review while the reclassifications of the MSCI Greece and
MSCI Morocco Indices will coincide with the November 2013 Semi-Annual Index

MSCI also announced today the start of the review of China A-shares for a
potential inclusion in the MSCI Emerging Markets Index, driven primarily by a
series of positive market opening measures and strong regulatory momentum over
the past 12 months. The initiation of this consultation does not, in any way,
indicate that the China A-shares have already met the standards of Emerging
Markets in terms of market accessibility criteria. In fact, a large number of
key obstacles in the areas of capital mobility, quota allocation and taxation
continue to exist and substantial progress would need to be made in order to
warrant an inclusion in the MSCI Emerging Markets Index. However, given the
significant size of the China A-share market and the possibility of further
regulatory reforms in the short term, MSCI believes that it is important to
actively engage with the international investment community on this matter.
The speed and magnitude of any hypothetical inclusion will be entirely
dependent on the actual progress in the opening of the market and the
resulting experience of international institutional investors.

Additionally, MSCI announced that the MSCI Korea and MSCI Taiwan Indices will
remain under review for a potential reclassification to Developed Markets.

MSCI also announced that it is closely monitoring the situation in Egypt, in
particular the negative developments in the foreign exchange market. MSCI may
launch a public consultation on a potential exclusion of the MSCI Egypt Index
from the MSCI Emerging Markets Index were the situation to worsen in the
coming months.

Finally, MSCI also released today the 2013 Global Market Accessibility Review
for the 79 markets under its coverage.

As a reminder, every June MSCI communicates its conclusions following
discussions with the investment community on the list of countries under
review and announces the new list of countries, if any, under review for
potential market reclassification in the upcoming cycle. MSCI will communicate
its decisions resulting from this Annual Market Classification Review in June

A more detailed version of this announcement has been posted on MSCI’s web
site at


MSCI will hold two press conference calls to answer questions from the media.
Note that these press conference calls are restricted to journalists.

First Conference Call
Date: Tuesday, June 11, 2013
Time: 11.30pm CEST/10.30pm BST/5.30pm EDT/1.30am GST

Toll Free Numbers:
US: 866‐803‐2143       Hong Kong: 800‐900‐592
UK: 0800‐279‐3953         Japan: 00531‐12‐1857
UAE: 8000‐35702379        S. Korea: 00798‐14800‐6732
Taiwan: 00801‐137‐708

Participant passcode: MSCI

Second Conference Call
Date: Wednesday, June12, 2013
Time: 9.00am CEST/8.00am BST/3.00am EDT/11.00am GST

Toll Free Numbers:
US: 866‐803‐2143          Hong Kong: 800‐900‐592
UK: 0800‐279‐3953         Japan: 00531‐12‐1857
UAE: 8000‐35702379        S. Korea: 00798‐14800‐6732
Taiwan: 00801‐137‐708

Participant passcode: MSCI

Clients and other interested parties should contact MSCI Global Client Service
with any enquiries.


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.

^1As 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

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. or its subsidiaries (collectively, “MSCI”), or
MSCI’s 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.

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 may 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

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 willful 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.

You cannot invest in an index. MSCI does not issue, sponsor, endorse, market,
offer, review or otherwise express any opinion regarding any investment or
financial product that may be based on or linked to the performance of any
MSCI index.

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, which
are provided by ISS), neither MSCI nor any of its products or services
recommends, endorses, approves or otherwise expresses any opinion regarding
any issuer, securities, financial products or instruments or trading
strategies and neither MSCI nor any of its 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 MSCI ESG 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.

Any use of or access to products, services or information of MSCI requires a
license from MSCI. MSCI, Barra, RiskMetrics, IPD, ISS, FEA, InvestorForce, 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.


Media Enquiries:
Kristin Meza, MSCI, New York + 1.212.804.5330
Sally Todd | Christian Pickel, MHP Communications, London + 44.20.3128.8515
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