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Adrian Carranza

Adrian Carranza

Senior Associate, MSCI Research

Adrian Carranza is a senior researcher specializing in equity index strategies for global, factor, ESG and climate investing. Previously, he was in new product development at MSCI. Prior to joining the firm, he worked for S&P Dow Jones in product management for global equity indexes, where he helped develop benchmark solutions and provided thought leadership for international clients. Adrian holds an MSc in banking and risk management from the University of Edinburgh Business School and is a CFA® charterholder.

Research and Insights

Articles by Adrian Carranza

    What’s Corporate Diversification Got to Do With It?

     5 mins read Blog | Mar 18, 2025 | Abhishek Gupta, Adrian Carranza

    After the “deconglomeration” wave of the 1980s, we examined how firms along the diversification spectrum have performed across regions and their exposures to certain factors, sectors and fundamental metrics. Important differences emerge. 

    Corporate Diversification and Investment Characteristics

     Research Report | Nov 14, 2024 | Abhishek Gupta, Adrian Carranza

    “Deconglomeration” in the 1980s signaled a shift to corporate specialization, particularly in the U.S. We found that diversified firms have tended to lag the profitability and growth of their single-industry counterparts.