|Bid||235.40 x 800|
|Ask||235.62 x 800|
|Day's Range||232.37 - 235.64|
|52 Week Range||134.28 - 247.57|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||35.14|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||2.72 (1.13%)|
|1y Target Est||247.50|
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Index and research giant MSCI Inc. has seen its stock outperform the market this year, buoyed by its rapidly expanding ESG — or environmental, social and governance — investing services.
MSCI inks an agreement to acquire Carbon Delta. The buyout is expected to help it offer enhanced climate change assessment to global investors.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that Salli Schwartz has been appointed Head of Investor Relations and Treasurer, effective September 16, 2019. “We are thrilled that Salli is joining MSCI. “MSCI is continuing to evolve and grow rapidly, and I am excited to work with Linda and the Executive Committee to enhance its capital management strategy and to tell the company’s story to the investor community,” said Ms. Schwartz.
MSCI, the global index compiler, said its subsidiary has agreed to buy out a climate analytics firm to help investors better understand the impact of climate change on their investments.Carbon Delta, a Zurich-based firm founded in 2015, will strengthen MSCI's modelling technology that analyses climate scenarios and evaluates physical risks, the New York-based index compiler said in a statement on Monday. A new metric, MSCI Climate Value-at-Risk, will be introduced to calculate the impact of climate change on a company's market value and highlight the relevant risks within a client's portfolio, it said."We believe climate change will become one of the most important investment factors over the long term. Institutional investors should be able to analyse the exposure of their portfolios to climate risk while also being able to report on their climate strategy," said Remy Briand, head of environment, social responsibility and governance (ESG) at MSCI. "We are pleased to come together with Carbon Delta to provide our clients with state-of-the-art climate risk analysis capabilities that can help shape investment management practices of the future."The acquisition of Carbon Delta, estimated at as much as US$5 million, will be completed next month and be funded by cash on the balance sheet, MSCI said in the statement. The Zurich office will serve as MSCI's centre for analysing climate risks in the future, developing partnership with academics and research firms across the world to further advance the use of climate science for financial risk analysis, it said.While ESG has become an increasingly important issue among investors who have been paying more attention to companies' performances beyond profits, Asia excluding Japan is lagging behind the US and Europe when it comes to "responsible" investing, according to a report by Global Sustainable Investment Alliance. The region had a total of US$52 billion in responsible investment in 2016, a tiny fraction of the US$12 trillion in Europe and US$8.7 trillion in the US, the report said. Chinese stocks at highest in almost a month as MSCI raises weightingIn Hong Kong, it has been mandatory for listed companies to make general disclosures about their ESG policies since 2015, when the local bourse upgraded its requirements from "recommended and voluntary" to "comply or explain".Companies must explain how they plan to deal with operational risks that have implications for the environment and society, and if they are in line with laws and regulations. This year, Hang Seng Indexes introduced two indices that track the ESG performances of the companies on the Hang Seng Index and the Hang Seng China Enterprises Index.The HSI ESG Index has risen 3.1 per cent this year, underperforming a 3.4 per cent gain on the Hang Seng Index. The MSCI World ESG Index has advanced 16 per cent in the period.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that its subsidiary, MSCI Barra (Suisse) Sàrl, has entered into a definitive agreement to acquire Zurich-based environmental fintech and data analytics firm, Carbon Delta AG (“Carbon Delta”). Founded in 2015, Carbon Delta is a global leader for climate change scenario analysis.
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MSCI Inc. , a leading provider of critical decision support tools and services for the global investment community, announced today that Linda S. Huber, Chief Financial Officer and Treasurer, will speak at the Barclays Global Financial Services Conference at the Hilton Hotel Midtown in New York on Tuesday, September 10, 2019 at 07:30 AM EST.
(Bloomberg) -- Dubai’s biggest bank is joining Gulf competitors in an attempt to attract more foreign money.Emirates NBD PJSC raised the cap on foreign ownership from 5% to 20% on Monday and said it will seek shareholders’ approval to double the new limit. Shares jumped to the highest level since 2007.Lenders in the six-nation Gulf Cooperation Council are trying to broaden the base of their investors as a combination of low oil prices, slowing economic growth and geopolitical upheavals drain inflows. Shares of Qatar National Bank, the region’s largest by assets, gained almost 50% since raising foreign ownership to 49% last year. First Abu Dhabi Bank PJSC, the biggest bank in the United Arab Emirates, proposed removing the limit after raising it to 40% in February.“The news will bode well not only to Emirates NBD but also for the U.A.E. markets as a whole,” said Ali El Adou, the head of asset management at Daman Investments in Dubai. “The indication to increase the FOL to 40% was more than what investors have been expecting.”The move comes after Emirates NBD completed the acquisition of Turkey’s Denizbank AS for 15.48 billion lira ($2.65 billion) in July. The bank plans to raise its capital by $2 billion from an issue of new shares to help fund the deal.Shares JumpThe shares closed up 14.9% to 13.15 dirhams in Dubai. The benchmark DFM General Index ended 4.8% higher.Emirates NBD could be included in the emerging market benchmarks compiled by MSCI Inc. and FTSE Russell in the first half of next year, triggering inflows of about $426 million, according to estimates by Mohamad Al Hajj, an equities strategist at EFG-Hermes Holding SAE in Dubai.Liquidity in the stock would have to pick up for it to meet the criteria required by the compilers, he said by email.The increase in FOL “will strengthen the U.A.E.’s proposition as one of the most attractive economies for foreign direct investment and contribute to increased liquidity and depth in the U.A.E.’s capital markets,” Emirates NBD Chairman Sheikh Ahmed Bin Saeed Al Maktoum said in a statement.Foreigners held 5% of Emirates NBD shares as of Sunday and Dubai’s government 55.76%, according stock exchange data.“Having foreign investors is great for local companies because it really raises the bar in terms of the requirements for transparency, for corporate governance, for profitability,” Tarek Fadlallah, chief executive officer of the Middle East unit of Nomura Asset Management in Dubai, said in an interview with Bloomberg TV.(Updates with closing share price in the sixth paragraph.)\--With assistance from Filipe Pacheco and Manus Cranny.To contact the reporters on this story: Arif Sharif in Dubai at firstname.lastname@example.org;Matthew Martin in Dubai at email@example.comTo contact the editors responsible for this story: Stefania Bianchi at firstname.lastname@example.org, Shaji MathewFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Hungary’s forint sank to an all-time low as the central bank’s persistently dovish policy stance left the currency exposed against a backdrop of Brexit uncertainty and U.S.-China trade tensions.The forint weakened beyond 330.75 per euro, the previous record posted in July last year. The currency is the worst performer against the euro so far this year among its eastern European peers, handing carry traders some of the biggest losses in emerging markets. It fell as much as 0.5% to 331.85 per euro as of 3:10 p.m. in London.“All emerging markets are heading in this direction,” said Istvan Gondi, a currency trader at Raiffeisen Bank International AG’s Hungarian unit. “The forint looked rock solid for a while, but when there’s a sea of turbulence, everybody will be engulfed by waves eventually.”Hungary’s central bank has been one of the most dovish globally -- with real rates below zero -- as both the monetary authority and government use stimulus measures to support the European Union’s fastest growing economy. On Tuesday, rate setters said downside risks to the inflation outlook had strengthened, signaling a potential end to any policy tightening ambitions.While the forint has been depreciating steadily for years, the latest leg was accelerated by growing concern over the health of the global economies. The MSCI Inc.’s index of emerging-market currencies is headed for its worst month in more than seven years as investors sought the relative safety of dollar assets. With the exception of Thailand’s baht, every currency declined against the dollar in August.“The bulk of the current forint weakness is externally driven,” ING strategist Petr Krpata said in an emailed note. The spillover from a weaker currency into the monetary stance should be limited and the central bank will likely keep policy loose or even looser, he said.To contact the reporters on this story: Marton Eder in Budapest at email@example.com;Alex Nicholson in Moscow at firstname.lastname@example.orgTo contact the editors responsible for this story: Dana El Baltaji at email@example.com, Zoltan Simon, Andras GergelyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Investors in a New York-listed exchange-traded fund tracking Saudi Arabian stocks withdrew the most money on record, just as MSCI Inc. completed the country’s long-waited upgrade to its widely tracked emerging-markets benchmark.Outflows from the iShares MSCI Saudi Arabia soared to $119 million on Aug. 27, the most for any day since its inception in 2015, Bloomberg Data show. It’s the biggest ETF focused on Saudi equities trading in the U.S., with $659 million in assets.It’s been a good week for those seeking to pare bets on a market that brokers including Morgan Stanley say has become too expensive, given weakening fundamentals. MSCI on Tuesday wrapped up the second phase of including Saudi shares in its developing nations index, prompting billions of dollars in inflows from passive funds. Some active managers took advantage of the increased liquidity to reduce their holdings. The main gauge in Riyadh fell 5% this week.(Updates weekly move for benchmark index in final paragraph.)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, John Viljoen, Monica Houston-WaeschFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- It’s set to be a busy week for Saudi stocks, with volumes likely to surge as index compiler MSCI Inc. completes the country’s promotion to an emerging market just as trade tensions dominate investor sentiment.Saudi Arabia’s weighting on the New York-based company’s MSCI Emerging Markets Index will increase to 2.83% from 1.45%, based on Aug. 27 closing prices, the compiler said in a statement earlier this month. When the first part of the upgrade took place in May, share trading in the country leapt to almost $8 billion in a single day, the most in almost 13 years.The heightened interest expected for Tuesday would be driven mostly by foreign investors who passively track MSCI indexes. Their purchases from abroad have helped the index in Riyadh outperform equities markets in developing markets this year.The funds arrive at a time of escalating tensions stemming from trade disputes between the U.S. and China. They could help the index recover from a 2.3% drop this week amid speculation that slowing global growth will sap demand for oil, the country’s biggest export.Inflows to the Saudi market this week could exceed $6 billion, according to estimates by Mohamad Al Hajj, an equities strategist at EFG-Hermes Holding in Dubai. That’s more than 11 times the average weekly net purchases by foreigners this year.Still, some investors expect that the stronger volumes are unlikely to be sustained, given that Saudi Arabian shares trade at relatively expensive levels against a backdrop of a weak economy and escalating geopolitical tensions.Read more on why the party mood has been souring in the Saudi market.EFG-Hermes’s Al Hajj closed an overweight call on Saudi shares in July, saying a strategy built around the MSCI index inclusion had run its course, and also citing weak fundamentals for the chemical sector and lower earnings prospects for banks.(Updates stock performance in fourth paragraph and chart.)To contact the reporter on this story: Filipe Pacheco in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Blaise Robinson at email@example.com, John Viljoen, Eddie van der WaltFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The data provider is taking advantage of several growth tailwinds in the financial sector, but is the stock worth investing in?
Index provider MSCI said on Tuesday it has not yet considered reclassifying the recently upgraded Argentina stock index out of emerging markets despite the massive spike in volatility and decline in prices. "Accessibility of the market for foreign investors is the key factor here," said Pavlo Taranenko, executive director of index research at MSCI, regarding Argentina's standing. MSCI Argentina, which was added to the widely followed emerging markets index in May, is composed of eight Argentine companies that trade on the New York Stock Exchange or Nasdaq.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MSCI Inc. New York, August 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MSCI Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
MSCI Inc. (NYSE:MSCI) is about to trade ex-dividend in the next 3 days. You can purchase shares before the 15th of...
MSCI Inc. (MSCI), a leading provider of research-based indexes and analytics, announced the results of the August 2019 Quarterly Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indexes, the MSCI Frontier Emerging Markets Index, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI Pan-Euro and MSCI Euro Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes. All changes will be implemented as of the close of August 27, 2019.