Business and Personal Finance Dictionary

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• MORGAN STANLEY CAPITAL INTERNATIONAL INDEXES
  
  These indexes, computed by the investment firm Morgan Stanley's Capital International group (MSCI), track stocks traded in 45 international stock markets, and are considered the benchmarks for international stock investments and mutual fund portfolios. The strong performance of the Europe and Australasia Far East Equity Index (EAFE) between 1982 and 1996 in relation to Standard & Poor's 500-stock Index (S&P 500) is often credited with generating increased US interest in investing in overseas markets.
  
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