Core Viewpoint - MSCI has decided to maintain South Korea's classification as an emerging market, indicating stability in its investment status and potential for future growth [1] Group 1 - MSCI's decision reflects confidence in South Korea's market structure and economic fundamentals [1] - The classification is significant for global investors as it influences investment strategies and capital flows into the region [1] - Maintaining the emerging market status may attract more foreign investment, enhancing liquidity and market depth [1]

Core Viewpoint - MSCI will continue to monitor the accessibility of the South Korean market [1] Group 1 - MSCI is assessing the current status of South Korea's market access [1] - The company emphasizes the importance of ongoing evaluation for potential changes in market classification [1]

Group 1 - MSCI Nordic Countries Index increased by 0.9%, reaching 354.14 points [1] - The financial sector in the Nordic region is leading the gains [1] - EQT AB saw a significant rise of 4.8%, outperforming other constituents [1]

Company Overview - MSCI has approximately $156 trillion in AUM benchmarked to its Indexes as of December 31, 2023[9] - The company has approximately 6,900 clients in over 95 countries[10] - MSCI's total run rate is approximately $27 billion, with a year-over-year increase of 15%[8] - Approximately 67% of MSCI's employees are located in emerging market centers[9] Financial Performance - MSCI's revenue for the trailing twelve months (TTM) ending March 31, 2024, was $2617 million[40] - The adjusted EBITDA for the TTM ending March 31, 2024, was $1562 million[42] - The adjusted EPS for the TTM ending March 31, 2024, was $1390[42] - Free cash flow for the TTM ending March 31, 2024, was $1179 million[44] Recurring Revenue and Client Base - MSCI has a significant recurring revenue model, with approximately 98% of operating revenues being recurring as of March 31, 2024[32, 52] - Approximately 75% of operating revenues are recurring subscriptions[32, 52] - Client retention rates are greater than 90% across products[32]

Core Viewpoint - The MSCI Nordic Countries Index has declined by 1.1%, marking its fifth consecutive trading day of losses and the worst single-day performance since May 22, when it fell by 1.8%, closing at 350.94 points [1] Group 1: Market Performance - The Nordic healthcare sector is leading the decline among sectors [1] - Pandora A/S has experienced a significant drop, closing down by 5.3%, making it the worst performer among the index constituents [1]

Core Viewpoint - MSCI highlights that restrictions on the use of stock market data in South Korea are limiting the availability of investment tools [1] Group 1 - MSCI indicates that the limitations imposed by South Korea on stock market data usage are affecting the development and accessibility of investment products [1] - The company emphasizes that these restrictions could hinder foreign investment and market competitiveness [1] - MSCI calls for a review of these data usage policies to enhance the investment landscape in South Korea [1]

Core Viewpoint - MSCI will continue to monitor the liquidity of the Egyptian foreign exchange market, indicating concerns over the lack of clarity in market regulation in certain areas [1] Summary by Categories - **Company Focus** - MSCI emphasizes the importance of liquidity in the Egyptian foreign exchange market and its ongoing commitment to monitoring this aspect [1] - **Market Regulation** - There is a noted lack of clarity in the regulation of certain sectors within the Egyptian market, which may impact investor confidence and market stability [1]

Group 1 - MSCI will continue to monitor the liquidity of the Egyptian foreign exchange market [1] - There is a lack of clarity in market regulation in certain areas [1]

Core Viewpoint - MSCI highlights that South Korea lacks an offshore currency market and that the onshore currency market still faces restrictions [1] Group 1 - MSCI indicates the absence of an offshore currency market in South Korea [1] - The onshore currency market in South Korea continues to have limitations [1]

Group 1 - The MSCI Nordic Countries Index declined by 0.9%, closing at 358.72 points, marking the lowest closing level since June 3 [1] - The industrial sector in the Nordic region led the decline [1] - Rockwool A/S, a manufacturer of insulation, fireproof, soundproof, and seismic products, saw a drop of 4.6%, leading the decline among constituent stocks [1]