Report
Andrew Lange
EUR 147.86 For Business Accounts Only

MSCI’s 3Q Represents Business as Usual for a Solid Performer, but Shares Still Overvalued

MSCI continued its solid performance in fiscal 2016 on the back of reliable growth in recurring subscriptions for the core index business. Management has prudently allocated the proceeds from this strong cash-generating segment to high-growth opportunities in nascent derivative-based markets and booming passive management offerings. We believe MSCI will be well-positioned to mitigate the inevitable decline in asset-based basis point fees to prevent competing indexes from stealing market share in...
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
Andrew Lange

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