Market Turmoil, a Value Index, and the UK Telecoms Industry

Mar 1, 2010

From the inception of the recent financial crisis in July 2007 to the turnaround in March 2009, the MSCI UK Value Investable Market Index (MSCI UK Value IMI) lost roughly 65% of its value, and then recovered half its losses during the remainder of 2009. In this Research Insight, we use the Barra Extreme Risk (BxR) model to understand the relationship between multi-faceted risk analysis and performance of the index.