278.17 0.00 (0.00%)
After hours: 4:44PM EST
|Bid||278.51 x 800|
|Ask||278.58 x 900|
|Day's Range||273.96 - 279.09|
|52 Week Range||160.03 - 283.42|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||39.88|
|Earnings Date||Jan 28, 2020 - Feb 02, 2020|
|Forward Dividend & Yield||2.72 (0.99%)|
|Ex-Dividend Date||Nov 13, 2019|
|1y Target Est||276.75|
The financial sector is comprised of companies that offer services broadly aimed at providing loans, insurance, and money management services for individuals and firms. That list of services includes retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerages.
MSCI's fourth-quarter 2019 results are likely to reflect an expanded client base and higher demand for ESG indices in the investment process.
MSCI (MSCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CEO Henry Fernandez explains why MSCI is making a push into tools and analytics for private equity and other nonpublic assets.
Although several large-cap stocks have skyrocketed in the past year, some of them are set to beat earnings estimate in the ongoing reporting cycle.
MSCI Inc. (NYSE:MSCI), a leading provider of mission critical decision support tools and services for the global investment community, has entered into a strategic relationship with The Burgiss Group, LLC, intended to accelerate and expand the use of data, analytics and other investment decision support tools for investors in private assets around the world. As part of the alliance, MSCI will invest $190 million in Burgiss for a significant minority interest.
MSCI (NYSE: MSCI), a leading provider of mission critical decision support tools and services for the global investment community, is calling for all investors globally to more readily integrate Environmental, Social and Governance (ESG) considerations throughout their investment processes if they are to mitigate the risks and identify the opportunities of a rapidly changing world and contribute to an effective and balanced transition towards a sustainable economy.
MSCI, the indices and data analytics provider, has agreed to pay $190m to acquire a minority stake in Burgiss Group, a specialist private asset data provider, in a deal that reflects the growing importance of alternative investments in the portfolios of pension funds and other institutional investors. which are focused on public equity and bond indices, environmental, social and governance (ESG) research and ratings as well as portfolio performance and risk analytics.
Comcast's (CMCSA) fourth-quarter 2019 earnings are likely to have benefited from the expanding high-speed Internet subscriber base and Sky's portfolio strength.
Last summer, US senator Marco Rubio sent an incendiary open letter to MSCI — a financial index provider and analytical software provider little-known outside the world of investing. The trigger was MSCI’s 2018 decision to include some Chinese stocks in its benchmarks, especially its influential MSCI Emerging Markets index. the weighting of Chinese equities during 2019 to 4 per cent of the EM index, which is used as a benchmark by investors managing nearly $2tn.
(Bloomberg) -- MSCI Inc., the world’s largest index provider, expects five trends to emerge this year that will drive environmental, social and governance investing over the new decade.Investor interest in strategies that adhere to ESG standards has been rapidly growing. BlackRock Inc. unveiled a plan on Tuesday to put climate change issues at the center of its investment strategy for the roughly $7 trillion of assets it manages. A survey last year found that 95% of fund managers globally have adopted, or plan to adopt, ESG criteria.MSCI analysts including Linda-Eling Lee identified the following key themes for 2020 in a report earlier this month.As an example of the kind of data investors might exploit to find climate change innovators, MSCI cites patent filings. The analysts note that the largest filers of low-carbon patents over the past five years include such corporate giants as Toyota Motor Corp., LG Chem Ltd. and General Electric Co.“Companies with the most resources and large R&D budgets (more likely to file more patents overall) could also become the most capable of introducing efficient low-carbon solutions into the market,” the analysts said.MSCI has launched multiple gauges focusing on ESG and climate change over the last few years. Earlier this month, It added 15 fixed-income ESG- and factor-based corporate bond indexes to its gauges “to meet investor demand”.To contact the reporter on this story: Abhishek Vishnoi in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Kurt Schussler, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- It’s not just the U.S. presidential election that will dominate the political calendar in 2020. A slew of emerging markets face their own votes as investors embrace politics-inspired turbulence.The first waymarker was Taiwan’s election this weekend, which saw voters convincingly re-elect President Tsai Ing-wen. In contrast with her China-friendly opposition challenger, Tsai favors continuing on a pro-independence path. The contest had added significance given the parallels with Hong Kong’s mass demonstrations against creeping Chinese encroachment.The electoral schedule among major developing economies this year is thinner than in 2019, but last year’s rash of protests around the world means that political developments in countries including India, Egypt and across Latin America will still be closely watched.Following is a timeline of the main elections in emerging and frontier markets through the rest of 2020:Election Timetable\--With assistance from John Quigley, Samy Adghirni, Matthew Bristow, Tony Halpin, Samson Ellis, Jon Herskovitz, Rieka Rahadiana, Andrew Langley, Andrea Dudik, Paul Richardson, Pauline Bax, Leanne de Bassompierre, David Herbling, Andre Janse van Vuuren, Samuel Gebre, David Malingha, Katarina Hoije, Netty Ismail, Tarek El-Tablawy, Michael S. Arnold, Paul Wallace and Wojciech Moskwa.To contact Bloomberg News staff for this story: Yumi Teso in Bangkok at firstname.lastname@example.orgTo contact the editors responsible for this story: Rosalind Mathieson at email@example.com, Alan Crawford, Tomoko YamazakiFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, today broadens its range of innovative fixed income tools and solutions for institutional investors with the launch of the MSCI Fixed Income ESG Indexes and the MSCI Fixed Income Factor Indexes.
(Bloomberg) -- The yen held near its strongest level against the dollar in almost three months amid demand for haven assets after the U.S. killing of Iran’s most senior military commander sent Middle Eastern stocks into retreat, setting the tone for what’s likely to be a volatile week.Japan’s currency appreciated for a third-straight day as markets opened in Sydney, while the Australian dollar weakened.All the Middle East’s major equity gauges fell Sunday. Kuwait’s dropped more than 4%, trimming a rally that made it the best market in the region last year. Saudi Aramco slumped as the country’s Tadawul All Share Index lost as much 2.5%. Egypt’s EGX30 gauge fell 4.4%, the most since September, and stocks in the United Arab Emirates, Qatar, Bahrain, Israel and Oman also weakened.Geopolitical risks flared after Iranian General Qassem Soleimani was killed in Iraq last week in a drone attack ordered by U.S. President Donald Trump. Iran’s President Hassan Rouhani vowed revenge, while Trump said late Saturday the U.S. had identified 52 Iranian sites that would be hit “very hard” if Tehran retaliated. Iran also said it would no longer abide by any limits on its enrichment of uranium, while Iraq’s parliament voted to expel U.S. troops from the country.“Investors who were hoping for lower geopolitical tension in the Middle East and North Africa in 2020 got their hopes dashed on the second day of the year,” said Mohammed Ali Yasin, chief strategy officer at Abu Dhabi-based Al Dhabi Capital Ltd. “2020 will continue to be a year of high geopolitical tensions.”Happening AgainGlobal markets turned sour Friday as Soleimani’s death triggered a flight to havens at the expense of riskier assets. MSCI Inc.’s index of emerging-market stocks fell the most in more than a month. Brent crude rose to $68.60 a barrel, its highest level since mid-September, and gold, a haven for investors in rocky markets, almost reached a six-year high.As markets reopened Monday, the yen appreciated 0.2% to touch 107.84 per dollar, matching Friday’s level that was the strongest since Oct. 10. The Aussie dollar slipped 0.2% to 69.37 U.S. cents.Reaction to Iran Strike Masks Uncertainties: Mohamed A. El-ErianThe cost of insuring Saudi Arabia’s debt against default spiked. The country’s five-year credit default swaps are now more expensive than Indonesia’s for the first time in almost two years, even though Moody’s Investors Service rates the latter four levels lower. Yields on the bonds of Saudi Arabia, Abu Dhabi, Lebanon and Iraq all climbed.Aramco shares may be in the grips of their biggest test since the initial public offering less than a month ago. The stock dropped 1.7% Sunday to 34.55 riyals, their lowest closing level since the Dec. 11 listing.Optimists will point to the resilience of financial markets in the face of political tension. Volatility surged in September after drone strikes against Aramco facilities highlighted the vulnerability of Saudi Arabia’s oil installations. Iran-backed Houthi rebels in Yemen, who’ve launched several drone attacks on Saudi targets in the past, claimed responsibility.That came just a few months after a spate of attacks on oil tankers in or near the Strait of Hormuz, for which the U.S. and Saudi governments blamed Iran.The extent of the latest sell-off will depend on if, how and when Iran responds to Soleimani’s killing, said Fahd Iqbal, Credit Suisse AG’s Dubai-based head of Middle East Research.“There will be a sense of nervousness and wait-and-see,” he said in an interview with Bloomberg Television on Sunday. “There is a lack of knowing what Iran is going to do, or how severe any kind of retaliation will be, if there is any.”Read more:Gulf States Move to Prevent Escalation After Soleimani’s KillingSaudi Default Risk Jumps as U.S.-Iran Tensions Flare: ChartTrump Ramps Up Iran Rhetoric as De-Escalation Vow Quickly FadesTen Strategists on What U.S.-Iran Escalation Means for MarketsIran Flashpoint Confronts Investors With Unpriceable 2020 RisksOil Industry Braces for Mideast Turmoil After Soleimani KillingU.S. Killing of Soleimani Leaves Trump ‘Totally Unpredictable’\--With assistance from Archana Narayanan, Netty Ismail, Yousef Gamal El-Din, Manus Cranny and Michael G. Wilson.To contact the reporter on this story: Filipe Pacheco in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Celeste Perri at email@example.com, Paul Wallace, Justin CarriganFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
MSCI (MSCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
(Bloomberg) -- It was the decade when Chinese markets came of age, moving from a bit player to center stage in stocks, bonds and currencies for developing nations.And as China expanded, so did emerging markets as a whole, taking an ever larger share of global trading. The share capitalization of developing nations almost doubled, bond issuance tripled and trading in their currencies rose to more than a quarter of the global total.Yet the asset class still isn’t pulling its economic weight in global markets. The International Monetary Fund estimates emerging and frontier markets are responsible for about 59% of global gross domestic product, a share that is expected to rise to 63.3% in 2024. Emerging markets still have a lot of room for growth.Here are eight charts to show the increasing role of developing nations:StocksThe market capitalization of the MSCI Emerging Markets index, the benchmark for developing-nation stocks, almost doubled in the past decade, reaching an all-time high of $6.2 trillion.Not only the size of emerging-market companies rose but also they’re becoming more important for the global market. The weighting of developing nations in the MSCI World index rose to 12% in April 2019 from 6.8% in 1997, according to a MSCI Inc. report.They can thank China. The weighting of the Asian giant in the MSCI emerging market index leaped to 30.3% from 13.6% a decade ago.CurrenciesThe share of emerging-market currencies in daily global transactions, on a net-net basis, increased to 26.5% in April from 19.4% in 2010, according to a survey from Bank for International Settlements conducted once every three years. Growth is also accelerating. Their share rose by 3.5 percentage points between 2016 and 2019, compared with 2.6 points from 2013 to 2016 and 1 percentage point in the previous three years.This expansion was almost exclusively driven by Asia. Among 28 emerging and frontier-market currencies included in the survey, only five gained share in global daily foreign exchange transactions over the past decade -- the Chinese yuan, the Hong Kong dollar, the Singapore dollar, the Indian rupee and the Mexican peso. The Chinese yuan became the most traded currency in developing nations.BondsThe number of yearly bond sales by emerging-market companies and governments in local and foreign currency almost tripled over the past decade, reaching 15,270 deals in 2019, according to data compiled by Bloomberg. In volume, debt sales reached $2.5 trillion in 2019, 3.2 times more than the $769 billion issued in 2009.Once more, China dominated the expansion and became the biggest contributor to benchmark bond indexes. Chinese companies currently account for 29.5% of the ICE BofAML Emerging Markets Corporate Plus Index, up from just 2.7% at the end of the last decade. The second and third biggest countries in the gauge are Mexico and Brazil, with Mexico’s stake rising to 9.2% from 7.5% and Brazil’s falling to 7.7% from 11.5%.ETFThe exchange traded fund industry has seen explosive growth in the past decade. The biggest developing nation stocks ETF, the Vanguard FTSE Emerging Markets ETF, known as VWO, had around $20 billion in assets 10 years ago, less than a third of the $67 billion it current holds. The iShares Core MSCI Emerging Markets ETF, known as IEMG, didn’t even exist until 2012 and rapidly accumulated $61 billion in assets to become the second largest of the industry.No prizes for guessing which country led growth. Out of the 49 U.S. listed ETFs dedicated to Chinese stocks tracked by Bloomberg, 43 were created over the past decade. The country is now the most important in the industry with $85 billion in Chinese assets under emerging-market ETFs listed in the U.S. That is about 30% of the $280 billion total, which includes both broad emerging-market funds and the ones that focus on a specific country, region or sector within developing nations, according to data compiled by Bloomberg.Economic GrowthThe growing market share of emerging markets still pales into insignificance next to their economic weight. The IMF estimates they will be almost two thirds of the global economy in five years. Emerging markets look destined to play an ever bigger role in markets.\--With assistance from George Lei.To contact the reporter on this story: Aline Oyamada in Sao Paulo at firstname.lastname@example.orgTo contact the editors responsible for this story: Carolina Wilson at email@example.com, Philip Sanders, Justin CarriganFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
(Bloomberg) -- As money managers bemoan the fees lost to passive investing, there’s one sector of the financial world just fine with the shift: The companies that create the indexes tracked by trillions of dollars in assets.S&P Global Inc., the creator of financial benchmarks including the S&P 500 Index, is up 60% this year, more than double the return of its flagship gauge of U.S. stocks. Meanwhile, rival MSCI Inc. has jumped 74%, its best yearly gain in a decade.Such eye-popping performances show just how transformative the meteoric rise of indexed investing can be for the companies at its heart. Although passive strategies have been luring cash from actively managed approaches for some time, this year assets in U.S. indexed equity mutual funds and ETFs topped those in active stock funds for the first time ever. The providers of the gauges underpinning those funds earn a slice of every dollar tracking their benchmarks.“There’s this big secular growth because of the movement to passive,” said Hamzah Mazari, a managing director at Jefferies in New York. “Over time, that will continue to be a pretty strong tailwind for these companies.”Cost savings are a key driver of that shift, with passive equity funds charging an average 10 cents per $100 invested in the U.S., versus about 70 cents for active funds.However, companies that provide indexes and benchmarks have benefited from the trend because they typically charge a licensing fee based on how much money is pegged to their gauges. So, the more money that is passively managed, the more revenue they bring in.S&P Global reported a 9% increase in revenue in the third quarter from a year earlier, led by growth in its ratings and index divisions. MSCI’s share price jumped at the end of October after results showed a rise in operating revenue, driven in part by a 10% increase in its index segment.A spokesman for S&P described 2019 as an exciting year for the company, highlighting S&P’s recent acquisitions of Kensho Technologies to boost its artificial intelligence expertise, and RobecoSAM’s ESG ratings business. A representative for MSCI was not immediately available to provide a comment.But while index companies’ share prices have skyrocketed, the asset managers that license their benchmarks aren’t generating the same enthusiasm. A gauge of fund companies and custody banks has lagged the broader market, rising 22%. And BlackRock Inc. -- the world’s largest issuer of exchange-traded funds -- has returned slightly less than the S&P 500’s 28% advance.“Every fund manager is benchmarking against the S&P 500 or MSCI and it’s very, very tough to replace that,” said Mazari. “These index providers have a very big moat around their business.”To contact the reporters on this story: Claire Ballentine in New York at firstname.lastname@example.org;Vildana Hajric in New York at email@example.comTo contact the editors responsible for this story: Jeremy Herron at firstname.lastname@example.org, Rachel Evans, Brendan WalshFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.