1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on MSCI

February 06, 2013 | About:

Shares of MSCI, Inc. (NYSE:MSCI), which provides equity market indexes and investment decision support tools, declined after Vanguard, a large client, unexpectedly stopped using some of MSCI's indexes as benchmarks for Vanguard's exchange traded funds (ETFs). Instead, Vanguard switched its benchmarks to a competitor's product offering.Vanguard's decision negatively impacted MSCI's highest-margin revenue stream, and it caused us to question whether other large clients might follow suit, or press for a significant reduction in their own fee structures. As a result, we chose to exit our investment in the company.

From Baron Funds' fourth quarter letter.


Rating: 1.0/5 (1 vote)

Comments

Please leave your comment:


Performances of the stocks mentioned by


User Generated Screeners


Kbannon77All Stocks US
Kbannon77All Stocks
opadovaniP median2
carter2u2Small Cap No Debt
blake.howellvjj
bkw82Predictable/ebitda 10/52 week
pbarker46Hist. High Yield
opadovaniROA_DIV2
andrewgu999valleylink - gogogo
DBrizanROTA ultimate18nov2017 1041p
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK