Index fund giant Vanguard Group of Valley Forge, Pa., is the first to ink a licensing deal to track a new set of 14 equity indexes that Morgan Stanley Capital International (MSCI) of New York is debuting next year.

The new indexes are among the first from MSCI, a separate but affiliated company of investment banking firm Morgan Stanley, to cover the U.S. equity market. The firm now offers one U.S. country index, as well as an index covering North America. But MSCI is best known for its global fixed-income indexes, as well as three widely used global equity indexes, including the broad-based MSCI World Index, and the MSCI EAFE Index, which tracks the markets of Europe, Australia and the Far East.

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