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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

MSCI's Crown Jewel Is the Wide-Moat Index Business

Business Strategy and Outlook

Since going public in 2007, MSCI has become a leader in providing data and software to asset managers and asset owners. Its crown jewel is the index segment, which makes up about 60% of overall revenue and 80% of operating profit. Through early leadership in non-US indexes, MSCI boasts about $15 trillion in benchmarked assets. Because index data is critical to stakeholders that benchmark to MSCI, its index subscriptions have strong retention and pricing power.

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