A description of the shares of a company with a medium (or mid-sized) market capitalization that are trading below the stock's intrinsic value. Taobiz explains Mid-Value Stock Value investors typically seek out companies that are trading at a low price, as compared to common valuation metrics such as the P/E ratio and the price-to-book value ratio. When a stock has been identified as a value stock and its market capitalization puts it in the mid-cap range of the market, it is often referred to as a mid-value stock by investors.
A market-capitalization-weighted index maintained by Morgan Stanley Capital International (MSCI) and designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI All Country World Index Ex-U.S. includes both developed and emerging markets. Taobiz explains Morgan Stanley Capital International All Country World Index Ex-U.S. - MSCI ACWI Ex-U.S. For investors who benchmark their U.S. and international stocks separately, this index provides a way to monitor international exposure apart from U.S. investments. In August of 2008, the MSCI ACWI Ex-U.S. held 23 countries classified as developed markets and 25 classified as emerging markets.
Shares that are an interest in a limited partnership existing solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. MIPS usually have a $25 par value, NYSE listing and cumulative monthly distributions. Taobiz explains Monthly Income Preferred Securities - MIPS MIPS are hybrid securities, combining features of preferred stock and corporate bonds. Hybrids can pay a higher rate of return than preferred stock because dividends are paid with pretax dollars, generating a sizable tax break for corporations.
A business that focuses on operating in one specific financial area. The main advantage of monolines is that these companies have specialized skills and provide expertise beyond what can usually be expected from companies that businesses are spread across many different financial areas. Taobiz explains Monoline For example, monoline insurers give investors and issuers the confidence to participate in the market by providing liquidity and financial protection. Without fully understanding the entire system and how it all comes together, a company is unable to provide its customers with quality service. Due to the expertise that monoline companies have in the industry, they are able to reduce operating cost, enhance customer service and evaluate/manage risk much more efficiently.
A method of evaluating a portfolio's return based upon a time weighted analysis. Taobiz explains Modified Dietz Method The Modified Dietz Method is more accurate way to measure the return on your portfolio than a simple geometric return method. This is because the Modified Dietz Method identifies and accounts for the timing of all random cash flows while a simple geometric return does not.
A market capitalization weighted index maintained by Morgan Stanley Capital International (MSCI). The MSCI EMU Index measures the performance of stocks based in the European Economic and Monetary Union (EMU). Taobiz explains MSCI EMU Index As of June 2008, the MSCI EMU Index consisted of stocks in the following 11 developed-market countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. The index contains almost 300 stocks and represents about 85% of the market capitalization in these countries.
An index created by Morgan Stanley Capital International (MSCI) that is designed to measure equity market performance in global emerging markets. The Emerging Markets Index is a float-adjusted market capitalization index. As of May 2005, it consisted of indices in 26 emerging economies: Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Jordan, Korea, Malaysia, Mexico, Morocco, Pakistan, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey and Venezuela. Taobiz explains MSCI Emerging Markets Index Emerging markets are considered relatively risky because they carry additional political, economic and currency risks. They certainly aren't for those who value safety and security above all else. An investor in emerging markets should be willing to accept volatile returns - there is a chance for large profit at the risk of large losses. An upside to emerging markets is that their performance is generally less correlated with developed markets. As such, they can play a role in diversifying a portfolio (and thus reducing overall risk).
A market capitalization weighted index designed by Morgan Stanley Capital International to track the overall performance of commodity producers throughout the world. Stocks in the MSCI All Country World Commodity Producers Sector Capped Index are primarily focused on emerging market economies. Taobiz explains MSCI All Country World Commodity Producers Sector Capped Index (MSCI AWC) The main components of the index are integrated oil and gas companies (25%), fertilizer and agricultural chemicals (19%), and diversified metals and mining (17%). Using the Global Industry Classification Standard as a start point, companies are selected to fit the three commodity producers sectors.