Table 1.
Information about the MSCI indices for the selected G7 and BRICS countries explored in this study.
| MSCI Indices | Av Mkt Cap (USD Millions) * | Constituents: Sector Weights (%) ** | COVID-19 Ranking (Total deaths) *** |
|---|---|---|---|
| G7 countries | |||
| US | 57,570.72 | IT(27.51), HC(13.19), CD(12.11), CS(11.1), F(10.96), I(8.73), CST(5.94), M(2.65), U(2.63), RE(2.6), E(2.58) | 1st |
| UK | 26,461.83 | CST(20.16), F(19.37), M(12.13), I(10.48), HC(10.41), E(9.91), CD(7.03), CS(4.74), U(3.4), RE(1.21), IT(1.16) | 2nd |
| France | 24,859.54 | CD(21.55), I(21.26), CST(10.69), F(10.09), HC(8.32), IT(6.65), E(6.49), M(5.88), CS(4.56), U(3.06), RE(1.46) | 4th |
| Italy | 15,726.24 | F(29.89), U(25.2), CD(18.06), E(8.92), I(8.07), HC(3.5), CS(2.88), IT(1.88), CST(1.59) | 3rd |
| BRICS countries | |||
| Russia | 10,443.06 | F(27.26), M(25.06), E(11.97), CST(9.76), CD(8.2), I(6.94), U(4.94), HC(3.53), CS(1.64), IT(0.7) | 3rd |
| India | 8,099.95 | F(26.15), IT(17.62), E(12.16), M(10.04), CST(9.87), CD(8.5), HC(5.37), I(3.55), CS(3.37), U(3.05), RE(0.31) | 2nd |
| Brazil | 6,780.23 | E(45.72), F(21.32), M(17.9), CS(10.35), CST(3.71), U(0.99) | 1st |
| China | 4,306.13 | CD(33.95), CS(20.45), F(14.45), HC(6.69), IT(5.97), I(4.68), CST(4.36), RE(4.03), M(2.24), U(1.97), E(1.21) | 4th / 5th |
This table reports on the considered components of the investment opportunity set. By columns, we report on the average market capitalization, the major holdings and the overall position in the COVID-19 ranking of each of the selected MSCI indices. *Average market capitalization (March 31, 2021). ** IT: Information Technology, HC: Health Care, CD: Consumer Discretionary, CS: Communication Services, F: Financials, I: Industrials, CST: Consumer Staples, M: Materials, U: Utilities, RE: Real Estate, E: Energy. *** Ranking during the out-of-sample period analyzed in this study (year 2020).