Goldman Sachs raises its 12-month target for MSCI Asia-Pacific ex-Japan to 660 from 620

Goldman Sachs raises its 12-month target for MSCI Asia-Pacific ex-Japan to 660 from 620

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The MSCI Asia-Pacific ex-Japan Index is a widely followed stock market benchmark that:

• Tracks the performance of large- and mid-cap stocks across developed and emerging markets in the Asia-Pacific region excluding Japan.

• Includes countries such as China, South Korea, Taiwan, India, Australia, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, the Philippines, and New Zealand.

• Is maintained by MSCI Inc., a leading global index provider.

Why exclude Japan?

Japan has a large, mature, and heavily weighted stock market. Excluding it allows investors to focus on emerging and developing Asia-Pacific economies without Japan dominating the index.

This article was written by Eamonn Sheridan at www.forexlive.com.