MSCI Inc. Thesis

MSCI is a leading provider of critical decision support tools and services for the global investment community. Its moat is its widely-used equity indexes, which are the benchmark for trillions of dollars in assets. This creates a very sticky, subscription-based revenue model with high pricing power. The growth driver is the increasing demand for ESG and climate data, as well as the expansion of its analytics and private market data offerings. The investment thesis is based on MSCI's entrenched position in the financial ecosystem and its ability to monetize the growing need for sophisticated data and analytics.