As of 2026, emerging markets represent approximately 12% of the MSCI ACWI Index
That number reflects the combined free‑float adjusted market cap of the 27 emerging markets in the index. (Honestly, it’s a pretty small slice compared to the US.)
What percentage of MSCI ACWI ex US is emerging markets?
It leaves out the US but includes the 27 emerging markets and 22 other developed markets. (Honestly, that split feels about right.)
Since the ACWI ex US covers about 85% of the global equity opportunity outside the States, emerging markets make up a big chunk of international diversification. MSCI
Does MSCI ACWI include emerging markets?
Yes, the MSCI ACWI includes both developed and emerging markets
As of 2026, the index covers 23 developed markets and 27 emerging markets, providing a truly global benchmark. (Honestly, that’s a nice mix.)
That mix lets the ACWI show returns from big economies like the US and Japan, plus faster‑growing spots such as India and Brazil. Wikipedia
What is the difference between MSCI ACWI and MSCI World?
The main difference is that MSCI ACWI includes emerging markets while MSCI World does not
MSCI World sticks to 23 developed markets, while ACWI typically throws in the 27 emerging markets—think China, India, South Africa. (Which is why many folks prefer it.)
Because of that, ACWI gives broader global coverage and often serves as the go‑to benchmark for worldwide equity exposure. Investopedia
What does MSCI ACWI mean?
MSCI ACWI stands for MSCI All Country World Index
It's generally MSCI’s flagship global equity index, tracking large‑ and mid‑cap stocks across 23 developed and 27 emerging markets. (Which is what most people refer to when they talk about a world index.)
It covers roughly 85% of the global investable equity universe, so it’s a popular benchmark for global portfolios. MSCI
What does ACWI IMI stand for?
ACWI IMI stands for MSCI ACWI Investable Market Index
This version typically throws in small‑cap stocks on top of the large‑ and mid‑cap coverage of the regular ACWI. (Which helps capture the tiniest bits of the market.)
By doing that, ACWI IMI tries to grab about 99% of each country’s free‑float adjusted market cap, giving a more complete equity picture. MSCI
What does NR USD mean?
NR USD means Net Return in U.S. dollars
It shows the index’s performance when dividends are reinvested after withholding taxes are taken out. (Honestly, that’s what NR USD means.)
Unlike price‑return versions, NR USD gives the total return an investor would get in U.S. dollars, handy for performance comparison. Investopedia
How many MSCI indexes are there?
MSCI maintains over 160,000 indexes
They're generally covering everything from asset classes and regions to sectors and factor‑based strategies, acting as benchmarks for thousands of ETFs and institutional portfolios. (Which is why you see them everywhere.)
That huge lineup mirrors MSCI’s standing as a top provider of equity, fixed income, and multi‑asset indexes across the globe. MSCI
How many companies are in the MSCI ACWI?
The MSCI ACWI includes about 3,000 large and mid‑cap companies
They're typically drawn from the 23 developed and 27 emerging markets the index covers. (Which gives you a nice mix.)
All together they make up about 85% of the global investable equity market cap, offering broad diversification in one benchmark. Wikipedia
What percent of Acwi is US?
The United States makes up approximately 59.48% of the MSCI ACWI as of 2026
That figure comes from the latest index calculations using free‑float adjusted market cap. (Honestly, that’s how MSCI usually works.)
The rest is divided among other developed markets—think Japan, the UK—and emerging markets like China and India. MSCI
| Country | Weight | Country | Weight |
|---|
| United States | 59.48% | Japan | 5.84% |
| China | 4.10% | United Kingdom | 3.79% |
| Canada | 2.86% | France | 2.45% |
What is MSCI ACWI NR USD?
MSCI ACWI NR USD is the Net Return version of the MSCI ACWI Index in U.S. dollars
It assumes dividends are reinvested after withholding taxes are taken out, giving a total return measure. (Which is what investors look at for true returns.)
Investors like this version because it shows the actual return they’d get in U.S. dollars, unlike price‑return indexes that leave dividends out. Investopedia
What does IMI mean in index?
IMI in an index stands for Investable Market Index
It's generally meaning the index covers large, mid, and small‑cap stocks to grab a broader slice of the market. (Which helps capture more of the market.)
MSCI IMI indexes aim for about 99% of each country’s free‑float adjusted market cap, leaving only a sliver of tiny securities uncovered. MSCI
What is MSCI China index?
The MSCI China Index tracks large and mid‑cap stocks across China’s equity universe
It's typically including A shares, H shares, B shares, red chips, and foreign listings on various exchanges. (Which covers the main ways to invest in China.)
With roughly 730 constituents, it covers about 85% of China’s free‑float adjusted market cap, making it the go‑to benchmark for China‑focused equity investors. Wikipedia
What does NR mean in Morningstar?
NR in Morningstar stands for Non‑Rated
It's generally given to share classes of a security that Morningstar hasn’t rated separately, usually because they aren’t widely distributed. (Which is why you see NR on some share classes.)
That lets investors tell apart rated and unrated share options inside the same fund or stock. Morningstar
Is China in MSCI EAFE?
No, China is not part of the MSCI EAFE index
It's typically the case that MSCI EAFE covers Europe, Australasia, and the Far East, but only includes developed markets there—China, being an emerging market, isn’t in it. (Which makes sense given its classification.)
If you want China exposure, you’ll need to turn to emerging‑market indexes like MSCI Emerging Markets or MSCI China. MSCI
