MSCI Expands Custom Index Offering With Acquisition Of Foxberry; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
MSCI Inc. has announced the acquisition of London-based Foxberry, a provider of front-office index technology, to expand its custom index offering. The integration of Foxberry's foxf9 platform will enhance MSCI's index customization solutions, aiming to meet the demand for tailored portfolios. The financial terms were not disclosed, and the transaction is expected to close in Q2 2024, pending regulatory approvals.
February 07, 2024 | 1:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MSCI's acquisition of Foxberry is expected to enhance its custom index offerings, potentially increasing its competitive edge in the index market.
The acquisition of Foxberry by MSCI is likely to have a positive short-term impact on MSCI's stock price due to the strategic enhancement of its index customization capabilities. This move could attract more clients seeking tailored investment solutions, thereby potentially increasing MSCI's revenue and market share in the index services sector. However, the financial terms not being disclosed and the statement that the financial impact is not expected to be material to MSCI tempers the potential impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90