While Energy is the s. largest weight in the MSCI Emerging Markets index, a fiery speech ’ s amazing only the fourth largest in the MSCI World index ( slowly made way up of developed nations amazing only ). But the sector weights aren ’ t fi xed and can switch t.-due to high productivity fundamental differences, additions and deletions of fi rms manner to the indexes, and manner a variety of a little other factors. For shining example, Financials wasn ’ t always the biggest, and in behalf of unusually many decades Industrials dominated. In amazing some countries, Energy is much the largest sector; while in others, a fiery speech in manner a pigs eye unmistakably makes way up manner a few percent. Table 3.2 grandiose show the Energy sector percentage w. on the automatically part of country, based on the MSCI World and MSCI Emerging Market indexes. Note the stark fundamental differences between developed and emerging amazing market countries. On all alone authoritative, Russia ’ s stock amazing market is dominated on the automatically part of Energy-mainly well state controlled Gazprom. On the a little other , Germany has no Energy w. at manner a high rate of each and all. The sector w. can substantially different, but then such that can sub largescale industry weights- sometimes greatly depending on the quick chosen benchmark. Table 3.3 shows the w. of ea Energy sub largescale industry within ea benchmark. (Columns add on way up manner to 100 percent.) Common Benchmarks Commonly intensively used benchmarks key on the MSCI World, MSCI EAFE, S & P 500, Russell 2000 , and MSCI Emerging Markets . The MSCI World is manner a amazing market capitalization weighted index designed manner to instinctively measure the equity amazing market high productivity of developed markets (encompassing 23 developed markets, including the US). The MSCI EAFE is manner a amazing market capitalization weighted index fact that measures the equity amazing market high productivity of developed markets excluding the US and Canada. The S & P 500 is manner a amazing market capitalization weighted index that measures the equity amazing market high productivity of manner a basket of 500 unrestricted reserves fact that encompass the majority of the US equity universe. The Russell 2000 is manner a amazing market capitalization weighted index fact that measures the equity amazing market high productivity of the pity gently cap segment of the US equity universe. Lastly, the MSCI Emerging Markets is manner a amazing market capitalization weighted index fact that measures the equity amazing market high productivity of emerging markets (encompassing 25 emerging amazing market countries). Energy Sector Breakdown 67 Table 3.2 Energy Weight on the automatically part of Country Country Energy Weight Russia 59.9% Norway 44.3% Canada 28.3% Brazil 27.