MSCI Barra launches four local indices

Dubai: MSCI Barra, a provider of investment decision support tools such as indices and portfolio risk and performance analytics, announced yesterday the addition of four new indices to its MSCI Gulf Cooperation Council (GCC) Countries and Arabian Markets Indices family, which was launched in January 2006.

Two of the new indices, the MSCI GCC Countries Domestic Index and the MSCI Arabian Markets Domestic Index, are domestic versions of existing regional indices.

These new indices are designed for institutional investors wishing to invest in these regions that are not constrained by foreign ownership limits.

The other two indices are new regional composite indices created by combining existing country indices.

All four new indices can be segmented by size and by sectors.