Technology Companies = 25% & Rising % of Market Cap, USA USA Information Technology % of MSCI Market Capitalization 40% 33% USA March, 2000 , on ati 30% 25% iz April, 2018 tal Capi et 20% ark M SCI M 10% of % IT 0% 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Source: FactSet, Katy Huberty @ Morgan Stanley. MSCI, Formerly Morgan Stanley Capital International = American provider of equity, fixed income, hedge fund stock market indexes, and 39 equity portfolio analysis tools. Data refers to MSCI’s index of USA publicly traded companies.