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Mar 31, 1986
- The MSCI EAFE Index was launched on Mar 31, 1986.
www.msci.com/documents/10199/d50f5426-ac85-484f-995c-bbf5236a0a72
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What is MSCI EAFE index?
What is the EAFE index?
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The MSCI EAFE Index was launched on Mar 31, 1986. Data prior to the launch date is back-tested test (i.e. calculations of how the index might have performed over that time period had the index existed). There are frequently material differences between back-tested performance and actual results.
The MSCI EAFE Index is an equity index which captures large and mid cap representation across Developed Markets countries around the world, excluding the US and Canada. The index covers approximately 85% of the free float-adjusted market capitalization in each country.
The index includes a selection of stocks from 21 developed markets, but excludes those from the U.S. and Canada. The index has been calculated since 31 December 1969, making it the oldest truly international stock index.
- What Is The EAFE Index?
- Understanding The EAFE Index
- Countries in The EAFE Index
- Composition of The EAFE Index
- Advantages and Disadvantages of The EAFE Index
- EAFE Index as A Benchmark
- EAFE vs. ACWI
- The Bottom Line
The EAFE Index is a stock index offered by Morgan Stanley Capital International (MSCI). It covers non-U.S. and non-Canadian equity markets. The EAFE Index serves as a performance benchmark for the major international equity markets and includes companies in 21 countries in Europe, Australasia, and the Far East (East Asia). The EAFE Index is the old...
The EAFE Index was created to track the performance of mid- and large-cap stocks across 21 developed market countries in Europe, Australasia, and the Far East (EAFE). Australasia is an area that includes Australia and New Zealand. The index was launched by Morgan Stanley Capital International (MSCI) in 1986 and covers 795 stocks from 21 countries. ...
The countries covered by the MSCI EAFE Index are shown in the chart below. Israel was classified by MSCI as a developed country in May 2010 and added to the EAFE Index at that time.
Companies
As of Feb. 28, 2023, equities of companies listed on Japanese exchanges accounted for the index's largest allocation at 21.22%. The top four countries in the EAFE Index, following Japan, include the United Kingdom (15.33%), France (12.41%), Switzerland (9.84%), and Germany (8.49%). The top 10 company listings and their index weights are shown below. These companies account for $2.15 trillion in market-cap value and approximately 14% of the index's market capitalization.
Sectors
The table below shows the sectors represented in the MSCI EAFE Index and their respective weights.
The pros and cons of the EAFE Index discussed below relate to exchange-traded funds (ETFs)and mutual funds that are designed to track its performance.
Institutional investors and asset managers use the EAFE index as a performance benchmark for the international developed equity market. By comparing the performance of funds to that of the EAFE Index, a manager can ascertain whether they are adding value to their clients' portfolios. Investors and portfolio managers who want an increased level of d...
The MSCI ACWI (All Country World Index) represents the performance of the global market. The ACWI covers more than 2,933 companies across 47 countries—23 developed countries and 24 emerging economies. Like the EAFE, the ACWI provides a transparent vehicle that can be tracked. Investors can take advantage of potentially profitable investments in mul...
The EAFE Index is an international stock index that was launched in 1986 by Morgan Stanley Capital International. The index follows the stocks of companies located in 21 developed countries throughout the world. The U.S. and Canada are among the countries excluded by the index. The EAFE Index is used as a benchmark by managers of ETFs and mutual fu...
- 11.67%
- 12.73%
- 19.19%
- 15.34%
Jul 25, 2023 · The MSCI EAFE Index was launched in 1969 by Morgan Stanley Capital International (MSCI), aiming to provide a comprehensive and transparent benchmark for international equity investments.
May 4, 2022 · emerging markets developing countries. The MSCI EAFE is a popular international stock market index. Learn which countries are included and excluded, along with the benefits and drawbacks to this index.
2 days ago · The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada.
