MSCI Launches Two MSCI Market Neutral Barra Factor Indices Licensed to J.P. Morgan

  MSCI Launches Two MSCI Market Neutral Barra Factor Indices Licensed to J.P.
  Morgan

             New Indices Created in Consultation with J.P. Morgan

Business Wire

LONDON -- September 23, 2013

MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools
worldwide, announced today that it has launched two new MSCI Market Neutral
Barra Factor Indices targeting two fundamental Barra style factors: Momentum
and Volatility. Created in consultation with, and licensed to, J.P. Morgan,
the new indices are designed to reflect the performance of a theoretically
“pure” single factor return for a given region, while remaining investable,
replicable and with controlled turnover.

The MSCI Europe Market Neutral Barra Momentum Index targets high exposure to
the momentum factor across European developed markets, with low exposure to
all other market factors including country, industry and other style factors
(such as size, value, growth and more). Similarly, the MSCI Europe Market
Neutral Barra Volatility Index targets high exposure to the volatility factor,
with low exposure to all other factors.

“We are pleased to have had J.P. Morgan’s input in developing these new
indices,” said Baer Pettit, Managing Director and Global Head of the MSCI
Index Business. “By leveraging the combined strengths of our MSCI index and
Barra analytics products, MSCI can provide institutional investors with a
unique set of tools in an environment where they are increasingly observing
style factors as important drivers of equity market risk and return.”

Rui Fernandes, Managing Director and head of Equity Derivatives Structuring at
J.P. Morgan said, “We are excited to license these indices to create products
that fill an important product gap, allowing investors to access Barra style
factors in an investable format.”

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

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