Equity Research - MSCI Update

MSCI has reported quite a good fourth quarter and full year, marking a recovery in most operating statistics, such as run rates and retention rates, signalling a favourable environment. The integration of RiskMetrics appears to be going smoothly and it looks like MSCI has decided to keep RiskMetrics’ Governance segment for good, despite its being quite different from the rest of the business.

Most segments posted good growth on a pro forma basis, with the exception of the governance and

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