Ave Maria World Equity: “S&P Global (SPGI) Benefits From Several Secular Trends”

Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -14.19% compared to -15.66% for MSCI All Country World Index. Poor performance of large global markets affected the fund’s performance. You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria discussed stocks like S&P Global Inc. (NYSE:SPGI) in the second quarter investor letter. Headquartered in New York, New York, S&P Global Inc. (NYSE:SPGI) engages in the areas of financial information and analytics. On August 24, 2022, S&P Global Inc. (NYSE:SPGI) stock closed at $375.71 per share. One-month return of S&P Global Inc. (NYSE:SPGI) was 0.07% and its shares lost 14.25% of their value over the last 52 weeks. S&P Global Inc. (NYSE:SPGI) has a market capitalization of $125.299 billion.

Here is what Ave Maria specifically said about S&P Global Inc. (NYSE:SPGI):

“S&P Global Inc. (NYSE:SPGI) is a data-driven financial services company with leading franchises in the areas of data and analytics, credit rating, commodity insights and indices. S&P Global benefits from several secular trends including the disintermediation of banks, a shift to passive investing, and an increased focus on ESG, Climate & Energy Transition.”

Speedcurve Performance Analytics

S&P Global Inc. (NYSE:SPGI) is in 22nd position on the list of 30 Most Popular Stocks Among Hedge Funds. S&P Global Inc. (NYSE:SPGI) was held by 84 hedge fund portfolios at the end of the second quarter compared to 97 in the previous quarter.

We discussed S&P Global Inc. (NYSE:SPGI) in another article and shared billionaire Steve Cohen’s best stocks to buy in July. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.