Index provider MSCI has created a tool designed to measure the potential impact of climate change on company valuations.
The MSCI Climate Value-At-Risk, or Climate VaR, from MSCI ESG Research is designed to help investors assess their exposure to climate-related risks and opportunities. The company said the tool provides financial institutions with “the means to identify assets that may be at risk from the worst effects resulting from climate change, while helping to identify innovative low-carbon investment opportunities, through security-specific modelling.”
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The product covers more than 10,000 companies, assessing all their associated equities and corporate bonds within the analysis, the company said in a release.
“Analysis reveals that nearly 7% of global facilities owned by MSCI ACWI Index constituents are threatened by coastal flooding risk and nearly 62% of index constituents had at least one facility in a flood-prone area, underlining the importance for investors in considering these risks and integrating this information into their investment decision-making,” MSCI said.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
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"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
