International equities continued to rise in 2021’s first quarter, though at a slower pace than in 2020’s final frame when optimism about coronavirus vaccine approvals fueled double-digit gains. As the global vaccination effort ramped up, The Morningstar Global Markets ex U.S. Index reached a record high in mid-February and finished the quarter up 3.8%. It lagged its domestic counterpart, the Morningstar U.S. Market Index, which gained 5.5%.
Energy and financials the hardest-hit sectors in 2020 led the way. The Morningstar Global Energy Index and Morningstar Global Financial Services Index posted the largest gains of 18.8% and 11.1%, respectively, as energy prices recovered from lockdown lows and the yield curve steepened. Gains in other sectors were more modest, with consumer staples and healthcare edging into the red. The once high-flying tech sector showed signs of coming back down to earth, with the Morningstar Global Technology Index gaining just 0.9% versus 16.9% in the pr
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World s Largest Asset Owner, Japan s Government Pension Investment Fund, Selects New Gender Diversity Index Launched by Morningstar in Collaboration with Equileap
New index weights constituents based on 19 gender equality criteria provided by Equileap
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(PRNewsfoto/Morningstar, Inc.)
TOKYO, Dec. 18, 2020 /PRNewswire/ Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the launch of the Morningstar® Developed Markets ex-Japan Gender Diversity Index℠, a new index powered by the data and scoring methodology of Equileap, a global provider of data and insights on gender equality for investors.
Seeking long-term better risk-adjusted returns, Japan s Government Pension Investment Fund (GPIF), the world s largest pension fund with approximately $1.5 trillion in assets under management as of June 2020, incorporates not only financial factors but also environmental, social, and governance (ESG) f
Japan’s GPIF Selects Two ESG-Themed Foreign Equity Indexes
Posted on 12/18/2020
Japan Government Pension Investment Fund selected two additional ESG-themed benchmarks based on information submitted through its Index Posting System, which the fund uses to collect information on a variety of new indexes.
After closely evaluating the qualities of each general ESG-and diversity-themed foreign equity index and conducting thorough due diligence on respective providers, GPIF selected and began passive management based on the following two benchmarks:
Theme – Index Name
2. Diversity – Morningstar Gender Diversity Index (“GenDi”)
GPIF have allocated and begun passively investing a combined total of ¥1.3 trillion (approximately US$ 12.5 billion) in assets against these two benchmarks.