MSCI today launched the MSCI Global Capital Markets index. It combines market capitalization-weighted components of the MSCI All Country World index and the MSCI Global Total Bond index to represent global capital markets, according to Khalid Ghayur, global head of benchmark research at MSCI Barra, the performance measurement and risk analytics unit of Morgan Stanley Capital International.
"We now know what the structure and composition of the global (investment) opportunity set looks like and therefore what is the diversification that is offered to investors by the marketplace itself," Mr. Ghayur said in an interview. "This can become the ultimate comparison for a diversified portfolio in terms of risk-adjusted returns."
