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China is Not an Emerging Market and Fails the S and G of Macro ESG
As of June 30th, 2020, China has a 40.95% weight in MSCI EM USD index. China’s MSCI EM weight is greater than the bottom 23 countries, out of 26 total. As the world’s second largest economy in USD terms and largest in PPP terms, it doesn’t make sense to think of China as an emerging market anymore. Moreover, China could very well lose its emerging market status in the WTO.
MSCI has a key error in its index construction – it fails to account to account for macro ESG risks and has opened its clients up to potentially vast losses. China may be making improvements on the E front of ESG, but it has totally collapsed on the S and G of the Macro ESG view. www.macroESG.com #macroESG
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By Macro ESGAs of June 30th, 2020, China has a 40.95% weight in MSCI EM USD index. China’s MSCI EM weight is greater than the bottom 23 countries, out of 26 total. As the world’s second largest economy in USD terms and largest in PPP terms, it doesn’t make sense to think of China as an emerging market anymore. Moreover, China could very well lose its emerging market status in the WTO.
MSCI has a key error in its index construction – it fails to account to account for macro ESG risks and has opened its clients up to potentially vast losses. China may be making improvements on the E front of ESG, but it has totally collapsed on the S and G of the Macro ESG view. www.macroESG.com #macroESG
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Send in a voice message: https://anchor.fm/macro-esg/message