My latest @SeekingAlpha article on $MSCI:
-Quick rundown of the business model
-A deep dive into MSCI's relationship with & reliance on $BLK
-How passive investing and the ETF bonanza benefits MSCI & the "big three" asset managers long termhttps://seekingalpha.com/article/4348904-msci-pricey-high-powered-sports-car-of-index-providers …
Passive index funds have become so popular due to two primary factors: low expenses and superior returns to actively managed funds.
What’s bullish for $MSCI long term is that these factors don’t seem to be changing anytime soon.
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The powerful secular trends at play are partially why MSCI has issued such aggressive long-term targets:pic.twitter.com/8bgqxdWtie
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Revenue growth in the low double digits and EBITDA growth in the mid-teens? Long term? No wonder the stock trades at such a high multiple:pic.twitter.com/MWZMokXmvX
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