Merchant West Global Equity Fund on S&P Global
Thesis
Merchant West added S&P Global as a high-quality, cash-generative business after reducing hyperscaler exposure. The company can grow earnings steadily without requiring heavy capital spending, while its entrenched ratings and index franchises provide genuine pricing power. The fund believes S&P Global has a long runway ahead and was attractively priced when added. P(1) Merchant West Global Equit… S&P Global Investor Relations
“S&P Global grows its earnings steadily without needing to spend much to do so”