ESG Investing RisksPotential actions against ESG investing by Trump/GOP could lead to increased U.S. sustainable fund outflows, creating more headwinds for MSCI.
Retention Rates And DemandMSCI's commentary that 4Q retention rates will be down YoY and that subdued demand in ESG and Climate may be prolonged has pushed out, but not dismissed the bull case.
Subscription Product DemandIf the market environment remains challenging and client budgets do not improve, there is a risk of lower demand for MSCI’s subscription-based products.