Morgan Stanley Capital International Pacific Free index

Definition:

A market capitalization-weighted benchmark index made up of equities from Pacific Basin countries. Japan represents about three-fourths of the index.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Guaranteed Mortgage Certificates (GMC)

First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

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