MSCI EAFE Index
Use the MSCI EAFE Index to broaden your investmentsIf you’re tracking the MSCI EAFE Index, you are most likely investing in an ETF (exchange traded fund) like the iShares MSCI EAFE Index fund. This ETF, the second largest in the world, invests in the 21 foreign securities of companies based in Europe, Australia, and the Far East that make up the index.
MSCI EAFE is short for “Morgan Stanley Capital International/Barra Europe, Australasia, and Far East" after the investment firm that maintains it. The MSCI EAFE may not be as well known as the Dow Jones or Standard & Poor’s indices that track U.S. stocks but it finds wide use by investment professionals as a benchmark of performance of international stocks. To get the best information on the MSCI EAFE Index, do the following:
1. Use investment research firms to get help with the MSCI EAFE index.
2. Study charts to get more MSCI EAFE information.
3. Visit websites of indices or mutual funds to acquire MSCI EAFE Index training or invest.
Get help with MSCI EAFE Index through investment research firms
Obtain MSCI EAFE Index information by studying chartsViewing and analyzing charts of the MSCI EAFE Index is also helpful. Charts give you a visual perspective on how the index is performing. For example, you can find out if many people are investing or trading this index. You can compare how the index performed a year ago versus now. Using charts enable you to apply indicators, such as MACD (moving average convergence divergence) or RSI (relative strength indicator).
Invest in and track the MSCI EAFE IndexiShares offers the most established ETF that tracks the index. The iShares MSCI EAFE Index Fund trades like a stock (under symbol EFA) and you can buy it through your broker. But recently, mutual fund giant Vanguard began selling a competitor, the Vanguard Developed Markets Index (VDMIX) mutual fund, that also tracks the MSCI EAFE.
- Make sure you keep bookmarks of websites like Yahoo! Finance or Google Finance so that you can keep up with the latest news on the MSCI EAFE Index.
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