Is it Still Worthy to Invest in MSCI?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Mid Cap Growth Fund mentioned MSCI Inc. (NYSE:MSCI) and explained its insights for the company. Founded in 1969, MSCI Inc. (NYSE:MSCI) is a New York, New York-based finance company with a $33.5 billion market capitalization. MSCI Inc. (NYSE:MSCI) delivered a -32.57% return since the beginning of the year, while its 12-month returns are down by -23.80%. The stock closed at $413.12 per share on June 28, 2022.

Here is what Carillon Eagle Mid Cap Growth Fund has to say about MSCI Inc. (NYSE:MSCI) in its Q1 2022 investor letter:

“MSCI (NYSE:MSCI) provides critical decision support tools and services for the global investment community. Despite reporting strong results, the stock underperformed as the company saw its valuation compress as overall markets were under pressure. On a more fundamental level, MSCI reported revenue and earnings ahead of consensus expectations, and we continue to believe the company is well positioned to gain assets linked to its proprietary indexes. In addition, it is seeing accelerating growth in its environmental, social, and governance (ESG) and climate offerings, which now account for a notable portion of total company revenue.”

Our calculations show that MSCI Inc. (NYSE:MSCI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. MSCI Inc. (NYSE:MSCI) was in 53 hedge fund portfolios at the end of the first quarter of 2022, compared to 47 funds in the previous quarter. MSCI Inc. (NYSE:MSCI) delivered a -20.06% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on MSCI Inc. (NYSE:MSCI) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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