“We are disappointed that Vanguard will no longer use our indices as the basis for these exchange traded funds,” said Baer Pettit, head of MSCI’s Index Business.
“The ETF market in North America is competitive and as it evolves, we will work with those ETF providers who seek to utilize independent, well-respected, and high-quality equity indices in their products. MSCI indices have been developed over 40 years to meet the specific needs of the world’s most demanding and sophisticated investors,” Pettit added.
MSCI is a leading provider of benchmark indexes and portfolio risk analytics tools to institutional investors around the world, according to Morningstar profile of the firm. “The company’s products play a significant role in many aspects of investment decision-making process, including portfolio construction, benchmarking, and risk analysis,” it said.
MSCI indices form the basis of many ETFs managed by BlackRock’s iShares, the largest ETF provider. “MSCI is the gold standard of global and international equity indexes – the near-universal choice of professional investors,” said Mark Wiedman, global head of iShares, in a statement Tuesday morning. “We plan to deepen our partnership with MSCI to help deliver the highest quality products and portfolio construction to our clients.”
MSCI
