“Can you explain this apparent large discrepancy? For the MSCI BRIC index (Bloomberg = MXBRIC: IND), the PER is shown to be 8.7046 (in the Bloomberg PER graph, as at 14 June 2012, index at 257.16), and 15.19 (in the iShares website, as at 31 may 2012, index at 256.12). Many thanks in advance.”

Eoin Treacy's view Thank you for this question which may be of interest to other subscribers. The valuations for the MSCI BRIC Index posted in Comment of the Day on June 15th referred to the MSCI BRIC Index which is a free float weighted index. The US listed iShares BRIC ETF to which I believe you are referring is based on the MSCI Daily Total Return Net Emerging Markets BRIC Index. I believe the discrepancy between the quoted valuations may be based on the different reference indices. Unfortunately Bloomberg does not post valuations data for the latter index.