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Back-tested Performance1
Comparison of back-tested performance of MSCI World Select 5-Factor ESG Low Carbon Index (MSCI 5-Factor ESG) against actual performance of MSCI World Index.
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MSCI 5-Factor ESG MSCI World
Dec 2010
Dec 2011
Dec 2012
Dec 2013
Dec 2014
Dec 2015
Dec 2016
Dec 2017
Source: MSCI. Performance of an index is not indicative of the performance of any product managed by SSGA. *Back-tested results are as of 31/12/2017 and were calculated using available data in accordance with the Index’s methodology. Factor returns represent the returns of components of the MSCI World at their factor-weights which have been grouped methodically based on their factor exposure. The performance assumes no transaction and rebalancing costs, so actual results will differ. Past performance is not a guarantee of future results. Index returns reflect all items of income, gain and loss and the reinvestment of dividends. The above projections are estimates based on certain assumptions and analysis made by SSGA/MSCI. There is no guarantee that the projections will be achieved.
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2135485.3.1.EMEA.INST Expiry date: 31/07/2020
1) Back-tested performance is not actual performance, but is hypothetical. There are frequently material differences between back tested performance results and actual results subsequently achieved by any investment strategy.
September 2019 portfolio institutional roundtable: Factor investing 29
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