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Whitepaper: Benchmarking the Benchmark

July 17, 2024

Whitepaper: Benchmarking the Benchmark

Nipun Insights: Benchmarking the Benchmark

Does the MSCI Emerging Markets Index really represent Emerging Markets? 

This paper critically examines the construction of the MSCI Emerging Markets (EM) Index, highlighting its structural inadequacies and the implications for global investors. By analyzing the criteria for inclusion, market representation, and weighting methodology, we uncover the limitations and biases inherent in the index. The paper concludes with a recommendation for a benchmark agnostic approach when investing in emerging markets.

To download a PDF file, click here 

Founded in 2011, Nipun Capital, L.P. is a boutique asset management firm focused on Emerging Markets and Asian equities.
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