MSCI-Linked ETF AUM Tops $2.8 Trillion, but Investors Still Sold the Stock
MSCI shares gained after Q2 earnings beat estimates, driven by double-digit revenue growth, record AUM and higher asset-based fees.
MSCI makes money by helping people track stocks, and they just grew their business big (managing $2.8 trillion—that's money they help watch). Even though the company did great, some investors still sold their shares, which shows people aren't always excited even when news is good.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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