What Makes MSCI (MSCI) a Safe Stock Despite Macroeconomic Headwinds?

Aristotle Atlantic Partners, LLC, an investment advisor, released its “Focus Growth Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, Aristotle Atlantic’s Focus Growth strategy returned 13.05% (net) underperforming the Russell 1000 Growth Index’s return of 14.37%. Allocation effects led the portfolio to underperform in the quarter relative to its benchmark, while security selection modestly contributed. Security selection in Information Technology, Financials, and Health Care contributed to the relative performance of the strategy in the quarter, while holdings in Consumer Discretionary and Consumer Staples, as well as overweight exposure in Health Care, detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Aristotle Atlantic Focus Growth Strategy highlighted stocks like MSCI Inc. (NYSE:MSCI) in the first quarter 2023 investor letter. Headquartered in New York, New York, MSCI Inc. (NYSE:MSCI) is an investment decision support tools provider for clients. On April 26, 2023, MSCI Inc. (NYSE:MSCI) stock closed at $458.22 per share. One-month return of MSCI Inc. (NYSE:MSCI) was -16.49%, and its shares gained 5.73% of their value over the last 52 weeks. MSCI Inc. (NYSE:MSCI) has a market capitalization of $36.687 billion.

Aristotle Atlantic Focus Growth Strategy made the following comment about MSCI Inc. (NYSE:MSCI) in its Q1 2023 investor letter:

MSCI Inc. (NYSE:MSCI) contributed to performance in the first quarter following better-than-expected fourth quarter earnings results, highlighting the company’s ability to grow despite macroeconomic headwinds. Management continued focusing on expense efficiency gains while investing in long-term growth opportunities. MSCI reiterated its bullish view on its ESG/Climate business outlook.”

Research, Investment, Finance

Research, Investment, Finance

MSCI Inc. (NYSE:MSCI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held MSCI Inc. (NYSE:MSCI) at the end of the fourth quarter which was 47 in the previous quarter.

We discussed MSCI Inc. (NYSE:MSCI) in another article and shared Richie Capital Group’s views on the company. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

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