Is MSCI a Smart Long-Term Investment?

Stewart Asset Management, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. In the second quarter of 2022, the Flagship portfolio declined 20.77%, net of fees. According to the fund, retrenchments are an ugly stalker in all markets, but, importantly, they create opportunities. Stewart Asset Management believes that a strong case can be made for their clients’ capital at least doubling over the next half-decade. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Stewart Asset Management 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 $35.9 billion market capitalization. MSCI Inc. (NYSE:MSCI) delivered a -27.71% return since the beginning of the year, while its 12-month returns are down by -24.19%. The stock closed at $442.89 per share on July 26, 2022. 

Here is what Stewart Asset Management has to say about MSCI Inc. (NYSE:MSCI) in its Q2 2022 investor letter:

“We also bought shares in MSCI (NYSE:MSCI), a company that provides data, analytics, and benchmark services to investment institutions globally. In the last several years MSCI has been growing its ESG business notably. We are forecasting rapid growth for this fast-growing global market.”

Photo by AlphaTradeZone

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 second quarter of 2022, compared to 47 funds in the previous quarter. MSCI Inc. (NYSE:MSCI) delivered a 3.04% 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.