S&P Global Inc (NYSE:SPGI) stock deep dive with Magellan's Ryan Joyce

In this Australian Investors Podcast episode, host Owen Rask is joined by Ryan Joyce, Deputy Portfolio Manager at Magellan Investment Partners, for a deep dive into S&P Global Inc (NYSE: SPGI). S&P Global is one of those companies investors interact with constantly, often without realising it. If you follow the S&P 500, compare an Australian fund to the S&P/ASX 200, look at a company’s credit rating, use financial data through S&P Global Market Intelligence, or rely on commodity pricing benchmarks, you have probably touched part of S&P Global’s ecosystem. Ryan describes S&P Global as a collection of data, ratings, index and benchmark businesses. But the big idea of this episode is simpler: S&P Global is one of the most embedded businesses in global financial markets. As Ryan puts it: “I really think of it as a benchmark business, particularly for the crown jewels in it.” In this episode, Owen and Ryan explore: How S&P Global actually makes money Why credit ratings and index benchmarks are so hard to disrupt How S&P Global compares to Moody’s, MSCI, Fitch, Bloomberg and FactSet Whether AI is a threat or opportunity for S&P Global Market Intelligence Why SPGI’s valuation became attractive to Magellan How S&P Global fits inside the Magellan Global Opportunities Fund Why private markets may be an opportunity, not an existential threat Episode resources – Speak with the Rask Advice team – Ask a question (select the Investors podcast) Show partner resources – ETF investor? Go beyond ordinary with Global X: View all funds – Visit TermPlus to learn more – Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit – Whatever comes next for your business, power it with Stripe EOFY deals to know about - ending June/July 2026 – 1 free trade per month, for 12 months, for new Pearler customers Rask resources – All services – Financial Planning – Invest with us – Access Show Notes – Ask a question – We love feedback! Follow us on social media – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices