List of Country Factors – Fabric

List of individual country factors within Tier4 of the MSCI MAC model.

We provide here the list of individual country factors. The countries are divided into Developed Markets, Emerging Markets, and Frontier Markets. For Frontier Markets, there are no individual country factors and only factors grouped by geographical region.

Note that there are two factors for Chinese equities: China Domestic and China International. The former captures dependence on Chinese equities that are traded within the domestic Chinese market while the latter captures dependence on internationally traded Chinese companies.

Region	Developed Markets	Emerging Markets	Frontier Markets
Europe	Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Israel, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom.	Czech Republic, Hungary, Poland, Russia, Turkey	FM Europe
Asia/Oceania	Australia, Hong Kong, Japan, New Zealand, Singapore, Taiwan	Bahrain, China Domestic, China International, Indonesia, India, Jordan, South Korea, Kuwait, Malaysia, Oman, Philippines, Qatar, Saudi Arabia, South Korea, Thailand, UAE	FM Asia, FM Middle East
Africa		Egypt, Morocco, Nigeria, South Africa	FM Africa
Americas	Canada, United States	Argentina, Brazil, Chile, Colombia, Mexico, Peru	FM Latin America