Why is MSCI up?
Up 2.2% today with business services stocks: Paymentus Holdings rose 6.8% after its report; 56 of 67 are up, 2.0% on average; the S&P 500 is down 0.3%.
Up 13% since Oct 19
Up 13% so far from Oct 19 to Nov 2.
“The $81.5 million increase was primarily driven by $49.1 million in higher asset-based fees and $27.0 million in higher recurring subscription revenues.”