Report
Colin Plunkett
EUR 101.80 For Business Accounts Only

MSCI Continues to Benefit From Passive Flows and Impressive Market Performance

In a quarter in which the MSCI All Country World Index ex USA returned 6.16%, it would be reasonable to expect strong performance from wide-moat-rated MSCI, and the company did not disappoint. Third-quarter revenue advanced 1.9% sequentially, and 11.7% on a year-over-year basis. ETF Assets linked to MSCI Indexes grew 8.0% sequentially and 42% year over year, contributing to an 8.5% sequential and 29.9% year-over-year increase in asset-based fees. 
Adjusted EBITDA margins remained mostly flat at ...
Underlying
MSCI Inc. Class A

MSCI is a provider of decision support tools and services for the global investment community. The company's segments are: Index, in which Clients use the company's indexes in various areas of the investment process, including index-linked product creation; Analytics, which provides risk management, performance attribution and portfolio management content, applications and services; Environmental, Social and Governance (ESG), which helps institutional investors understand how ESG considerations can impact the long-term risk and reward of their portfolio and individual security-level investments; and Real Estate, which includes research, reporting, market data and benchmarking offerings.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Colin Plunkett

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