Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>MSCI stands as a linchpin in the global investment community, providing essential indices, analytics, and data that are deeply embedded in client workflows. Its business model is characterized by high-margin, recurring revenues with strong client retention.</li>
  <li>The company is a primary beneficiary of the secular shift towards passive and index-based investing. A significant portion of its revenue is derived from asset-based fees on the trillions of dollars in ETF and other fund assets benchmarked to its indices.</li>
  <li>Future growth is poised to be driven by expansion into high-growth areas such as ESG and Climate analytics, private assets, and thematic/factor-based indexing, leveraging its powerful brand and extensive data capabilities to create new products.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  MSCI stands as a linchpin in the global investment community, providing essential indices, analytics, and data that are deeply embedded in client workflows. Its business model is characterized by high-margin, recurring revenues with strong client retention.
  The company is a primary beneficiary of the secular shift towards passive and index-based investing. A significant portion of its revenue is derived from asset-based fees on the trillions of dollars in ETF and other fund assets benchmarked to its indices.
  Future growth is poised to be driven by expansion into high-growth areas such as ESG and Climate analytics, private assets, and thematic/factor-based indexing, leveraging its powerful brand and extensive data capabilities to create new products.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>MSCI Inc. reported strong financial performance for the second quarter of 2026, with notable growth in both its index and private asset segments, which remain key drivers of the company’s revenue expansion.</li><li>The company achieved over 12% organic revenue growth, nearly 19% adjusted earnings per share (EPS) growth, and 14% adjusted EBITDA growth.</li><li>A significant contributor to its results was the asset-based fee (ABF) run rate, which rose 25% year-over-year to $948 million, supported by record levels of assets under management (AUM) in exchange-traded fund (ETF) and non-ETF products linked to MSCI indices.</li></ul>

MSCI Inc. reported strong financial performance for the second quarter of 2026, with notable growth in both its index and private asset segments, which remain key drivers of the company’s revenue expansion.The company achieved over 12% organic revenue growth, nearly 19% adjusted earnings per share (EPS) growth, and 14% adjusted EBITDA growth.A significant contributor to its results was the asset-based fee (ABF) run rate, which rose 25% year-over-year to $948 million, supported by record levels of assets under management (AUM) in exchange-traded fund (ETF) and non-ETF products linked to MSCI indices.

MSCI’s $2.8 Trillion Index Empire: Can Record ETF Assets Keep Compounding?

<ul><li>MSCI reported solid financial results for the first quarter of 2026, reflecting its broad diversification and foundational role in global investing.</li><li>The company achieved organic revenue growth exceeding 13%, adjusted earnings per share (EPS) growth close to 14%, and adjusted EBITDA growth nearing 19%.</li><li>Key operating metrics included a nearly 13% increase in total run rate, powered by a record asset-based fee run rate of $872 million, up 25%, and recurring subscription run rate growth of 9%, supported by a 52% surge in net new recurring subscription sales.</li></ul>

MSCI reported solid financial results for the first quarter of 2026, reflecting its broad diversification and foundational role in global investing.The company achieved organic revenue growth exceeding 13%, adjusted earnings per share (EPS) growth close to 14%, and adjusted EBITDA growth nearing 19%.Key operating metrics included a nearly 13% increase in total run rate, powered by a record asset-based fee run rate of $872 million, up 25%, and recurring subscription run rate growth of 9%, supported by a 52% surge in net new recurring subscription sales.

MSCI Inc: A 13% Organic Growth Run Faces Selective Spending Headwinds!

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>Structural weakness in the US labor market is likely to compel the Fed to reopen the door to interest-rate cuts.</li><li>These developments should support a recovery in gold prices toward KTX's target of USD4,880/oz and drive renewed appreciation in the Thai baht and other Asian currencies.</li><li>Such inflows should become a key driver of a SET Index recovery.</li></ul>

Structural weakness in the US labor market is likely to compel the Fed to reopen the door to interest-rate cuts.These developments should support a recovery in gold prices toward KTX's target of USD4,880/oz and drive renewed appreciation in the Thai baht and other Asian currencies.Such inflows should become a key driver of a SET Index recovery.

KTX AHEAD: Structural Weakness in the US Labor Market; Nonfarm Payrolls Unlikely to Recover

<ul><li>MSCI Inc. reported strong financial performance for the fourth quarter of 2025, characterized by notable organic revenue growth of over 10%, adjusted EBITDA growth exceeding 13%, and an adjusted EPS increase of nearly 12% for the quarter.</li><li>For the 2025 fiscal year, the company also delivered an impressive adjusted EPS growth of almost 14%.</li><li>Significant shareholder returns were also emphasized, with MSCI repurchasing nearly $958 million of its shares during the fourth quarter and over $3.3 billion over the past two years.</li></ul>

MSCI Inc. reported strong financial performance for the fourth quarter of 2025, characterized by notable organic revenue growth of over 10%, adjusted EBITDA growth exceeding 13%, and an adjusted EPS increase of nearly 12% for the quarter.For the 2025 fiscal year, the company also delivered an impressive adjusted EPS growth of almost 14%.Significant shareholder returns were also emphasized, with MSCI repurchasing nearly $958 million of its shares during the fourth quarter and over $3.3 billion over the past two years.

United States

MSCI Inc. provides investment decision support tools to investment institutions worldwide. The Company produces indices and risk and return portfolio analytics for use in managing investment portfolios.

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MSCI Inc (MSCI US)

Primer: MSCI Inc (MSCI US) - Aug 2026

MSCI stands as a linchpin in the global investment community, providing essential indices, analytics, and data that are deeply embedded in...

αSK Primers

MSCI’s $2.8 Trillion Index Empire: Can Record ETF Assets Keep Compounding?

MSCI Inc. reported strong financial performance for the second quarter of 2026, with notable growth in both its index and private asset segments,...

Baptista Research

MSCI Inc: A 13% Organic Growth Run Faces Selective Spending Headwinds!

MSCI reported solid financial results for the first quarter of 2026, reflecting its broad diversification and foundational role in global...

Baptista Research

KTX AHEAD: Structural Weakness in the US Labor Market; Nonfarm Payrolls Unlikely to Recover

Structural weakness in the US labor market is likely to compel the Fed to reopen the door to interest-rate cuts. These developments should support...

Krungthai XSpring

MSCI Leverages AI to Slash Costs

MSCI Inc. reported strong financial performance for the fourth quarter of 2025, characterized by notable organic revenue growth of over 10%,...

Baptista Research

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