MSCI global equities index hits 23-year high

Covers 85% of global equity market

The MSCI ACWI index, a gauge of 85% of global equity markets, closed at 866.4 yesterday, a record high in the index's 23-year history.

The index, which hit a record high for the third straight day, tracks 2,484 large and mid-cap stocks across both developed and emerging markets, amounting to 85% of global equity markets. Big Question Part I: Have investors become too optimistic about the impact of a Trump presidency? Raman Aylur Subramanian, MSCI's head of equity applied research, attributes the record high to investor expectations on the policies the new US Administration will implement.  US President, Donald Trump has promised to make tax reforms such as repealing the Dodd Frank act and repatriating offshore mon...