In order to more clearly brand the MSCI regional Emerging Market and All Country Indices, MSCI implemented the following index naming convention as of the close of January 29, 2004:
MSCI has renamed all regional Emerging Market and All Country Indices that have the suffix Free by deleting the word "Free" (or letter F). Therefore, for example, the following indices are renamed:
From: Emerging Markets Free (EMF)
To: Emerging Markets (EM) All Country World Index Free
MSCI intends to maintain the current branding of all developed market indices including the MSCI Singapore Free, EAFE Free, World Free, Pacific Free ex Japan and Far East Free indices. The continued "Free" branding for certain Developed Market Indices recognizes that these indices have histories different from the similar index that does not have the suffix "Free". Otherwise, these indices have the same current constituents and current performance.
To sum up, the MSCI index with the "Free" is still kept for historical purposes and the one without the "Free" is still considered as fully investable by foreign investors.