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.
The latest arrivals, including a 10-advisor ensemble from Ameriprise, bolster the firm's independent contractor and employee advisor channels.
The firm has also appointed Mike Downing and Sean Brennan as co-presidents to its US operations as it looks to proceed with an ambitious five-year growth plan.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
New research also reveals that one third of HSA holders withdrew more than they put in.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
