MSCI Argentina Index

MSCI Argentina Index
(USD)
The MSCI Argentina Index is designed to measure the performance of the large and mid cap segments
of the Argentine market. With 6 constituents, the index covers approximately 85% of the Argentine equity
universe.
Cumulative Index Performance — Net Returns (Dec 2000 – Dec 2014) — USD
Annual Performance (%)
MSCI
Argentina
Year
MSCI Argentina
MSCI Emerging Markets
MSCI ACWI IMI
19.01
65.97
-37.05
-38.94
77.37
64.00
-54.45
-4.02
67.31
62.27
25.75
100.35
-50.70
-19.65
2014
2013
401.52
400
2012
2011
2010
2009
2008
261.59
2007
2006
203.50
200
2005
2004
2003
2002
2001
0
Dec 00
Feb 02
Apr 03
Jun 04
Aug 05
Oct 06
Dec 07
Feb 09
Apr 10
Jun 11
Aug 12
Oct 13
MSCI Argentina
MSCI Emerging Markets
MSCI ACWI IMI
-9.83
-4.61
-1.65
-8.08
-4.50
0.59
1 Yr
YTD
-2.19
-2.60
18.22
-18.42
18.88
78.51
-53.33
39.42
32.14
34.00
25.55
55.82
-6.17
-2.62
3.84
23.55
16.38
-7.89
14.35
36.41
-42.34
11.16
20.95
11.54
16.42
35.54
-17.58
-15.65
Fundamentals (December 31, 2014)
Annualized
3 Mo
MSCI
ACWI IMI
Dec 14
Index Performance — Net Returns (%) (December 31, 2014)
1 Mo
MSCI
Emerging
Markets
3 Yr
5 Yr
19.01 19.01 7.53
-2.19 -2.19 4.04
3.84
3.84 14.30
6.13
1.78
9.48
10 Yr
Since
Div Yld (%)
P/E
P/E Fwd
P/BV
1.29
2.95
2.41
5.62
13.17
18.08
7.18
10.58
15.09
1.35
1.52
2.06
Dec 29, 2000
10.12 7.10
8.43 10.43
6.37
5.20
Index Risk and Return Characteristics (December 31, 2014)
Annualized Std Dev (%)2
Turnover
(%)1
MSCI Argentina
MSCI Emerging Markets
MSCI ACWI IMI
1
0.04
5.95
2.92
Sharpe Ratio2,3
Maximum Drawdown
Since
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Dec 29,
2000
(%)
Period YYYY-MM-DD
43.98
15.21
10.72
39.12
18.55
14.74
39.94
23.74
16.76
0.39
0.32
1.29
0.35
0.18
0.67
0.41
0.39
0.35
0.33
0.47
0.28
76.44
65.25
58.59
2008-06-30—2009-03-09
2007-10-29—2008-10-27
2007-10-31—2009-03-09
Last 12 months
2
Based on monthly net returns data
3
Based on BBA LIBOR 1M
The MSCI Argentina Index was launched on Jan 01, 2001. Data prior to the launch date is back-tested data (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. Past performance -- whether actual or back-tested -- is no indication or guarantee of future
performance.
MSCI Argentina Index
December 31, 2014
Index Characteristics
Top 6 Constituents
MSCI Argentina
Number of
Constituents
Mkt Cap
6
Mkt Cap
(USD Millions)
Index
Largest
Smallest
Average
Median
7,761.54
2,081.92
349.13
1,293.59
1,517.22
(USD Billions)
2.08
1.68
1.66
1.38
0.62
0.35
7.76
YPF D ADR
TELECOM ARGENTINA B ADR
BANCO MACRO B ADR
GRUPO FIN GALICIA B ADR
BBVA BANCO FRANCES ADR
PETROBRAS ARG SA ADR
Total
Index
Wt. (%)
26.82
21.63
21.36
17.73
7.95
4.50
100.00
Sector
Energy
Telecom Srvcs
Financials
Financials
Financials
Energy
Sector
Wt. (%)
85.6
100.0
45.4
37.7
16.9
14.4
Sector Weights
31.32%
21.63%
47.04%
Financials 47.04%
Energy 31.32%
Telecommunication Services 21.63%
Index Methodology
The index is based on the MSCI Global Investable Indexes (GIMI) Methodology—a comprehensive and consistent approach to index construction that
allows for meaningful global views and cross regional comparisons across all market capitalization size, sector and style segments and combinations. This
methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and
replicability. The index is reviewed quarterly—in February, May, August and November—with the objective of reflecting change in the underlying equity
markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and
the large and mid capitalization cutoff points are recalculated.
www.msci.com | [email protected]
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 indexes, portfolio risk and performance analytics,
and ESG data and research.
1
The company's flagship product offerings are: the MSCI indexes with approximately USD 9 trillion estimated to be benchmarked to them on a worldwide basis ; Barra multi-asset class factor models, portfolio risk and performance analytics;
RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; 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 March 31, 2014, as reported on June 25, 2014 by eVestment, Lipper and Bloomberg.
The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct other data, to create indexes, risk
models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical data and analysis should not be taken as an indication or guarantee of
any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading
strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is
provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS
OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH
MSCI PARTY HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OF THE FOREGOING AND TO
THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL
(INCLUDING LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
© 2015 MSCI Inc. All rights reserved.