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Here’s Why You Should Consider Investing in MSCI

Jose Karlo Mari Tottoc
·2 min read

Baron Funds, an investment management firm, released its "Baron FinTech Fund" third quarter 2023 investor letter, a copy of which can be downloaded here. During the quarter concluding on September 30, 2023, Baron FinTech Fund® (Institutional Shares) experienced a 1.30% increase, contrasting with a 6.77% loss for the FactSet Global FinTech Index (the Benchmark). Since its inception on December 31, 2019, the Fund has achieved an annualized growth of 6.50%, surpassing the Benchmark, which declined by 2.22%. Take a moment to review the fund's top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Baron FinTech Fund mentioned MSCI Inc. (NYSE:MSCI) and explained its insights for the company. MSCI Inc. (NYSE:MSCI) is a New York, New York-based capital market company with a $40.6 billion market capitalization. MSCI Inc. (NYSE:MSCI) delivered a 10.55% return since the beginning of the year, while its 12-month returns are up by 4.47%. The stock closed at $514.26 per share on November 9, 2023.

Here is what Baron FinTech Fund has to say about MSCI Inc. (NYSE:MSCI) in its Q3 2023 investor letter:

"Solid stock selection in Information Services came from investment decision support tools provider MSCI Inc. (NYSE:MSCI). MSCI reported solid second quarter earnings and reiterated its full-year outlook due to stabilizing ESG trends along with continued robust performance in the Index and Analytics segments."

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Our calculations show that MSCI Inc. (NYSE:MSCI) does not belong on our list of the 30 Most Popular Stocks Among Hedge Funds. MSCI Inc. (NYSE:MSCI) was in 51 hedge fund portfolios at the end of the second quarter of 2023, compared to 50 funds in the previous quarter. MSCI Inc. (NYSE:MSCI) delivered a -6.03% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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