30 November 2007
Change of MSCI Indices and impact on LPP 2005 indices
The LPP 2005 index family uses the MSCI ACWI + Small Cap Index to cover foreign equities, i.e. a customized index covering all countries and all caps. As of 01.12.2007, it will be replaced by the MSCI ACWI IMI Index (All Country World Index Investable Market Index). This new index family was launched as of 31.05.2007. The old index family will be transformed into new one in two steps: In the first phase of the transition in November 2007: - After rebalancing the Provisional Standard Indices as per the semi annual index review, will be compared with the relevant Standard Indices.
- All companies that are in the Provisional Standard Index but not in the corresponding Standard Index will be added to the Standard Index at half of their free float-adjusted market capitalization, and all companies that are not in the Provisional Standard Index but are in the corresponding Standard Index will be retained in the Standard Index but at only half of their free float-adjusted market capitalization.
In the second and final phase in May 2008: - The Provisional Standard Indices will be rebalanced.
- Any and all differences between the rebalanced Provisional Standard Index and the Standard Index will be fully implemented in the Standard Indices.
- The transition of the Small Cap Indices will be synchronized with the transition of the Standard Indices, following the same timeline and approach.
More information  MSCI Barra website | 
