NEW YORK ( TheStreet) -- Vanguard has fired MSCI. Twenty-two Vanguard index funds that were tracking stock indexes from MSCI will soon be following FTSE and CRSP indexes.What does this mean to you? Should you be concerned? Should you fire Vanguard as your ETF vendor? Read on for answers. Background: On
When building portfolios based on multiple index providers, investors need to be cognizant of overlap and underlap. The most talked about example of this appears in the international indexes and the classification of South Korea. In the MSCI methodology, South Korea is an "emerging market" while in the FTSE methodology it has "developed market" status.