Investor hopes that monetary conditions might be loosening boosted the MSCI's gauge of stocks across the globe by 0.43% to a level not seen since October 2022.

Source: https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-US-DOLL-2373531/news/World-stocks-at-highest-in-over-a-year-on-rate-cut-bets-45640793/?utm_medium=RSS&utm_content=20231227

It's important to note that as linked AUM grows over time, asset-based fees could outgrow subscription fees, which means MSCI's index revenues will become increasingly volatile.

Source: https://seekingalpha.com/article/4591966-msci-this-index-provider-is-a-great-but-expensive-stock?source=feed_all_articles

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9% and was down 1.7% for the week so far, its worst performance since bank stability worries gripped markets in the middle of March.

Source: https://gazette.com/news/us-world/recession-fears-leave-stocks-drifting-toward-weekly-loss/article_22febfee-cc29-5d0d-add1-74c6fb997fe1.html

MSCI's broadest index of Asia-Pacific shares outside Japan has surged 11 per cent in January.

Source: https://www.perthnow.com.au/business/asia-shares-brace-for-rate-hikes-c-9596933

MSCI's broadest index of Asia-Pacific shares outside Japan was still up 0.2%.

Source: https://www.onenewspage.com/n/Business/1zpks0igd0/Asia-stocks-edge-up-China-sets-lower-bar.htm

On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier losses to be up 0.5%, driven by a late rebound in Chinese and Hong Kong shares after a steep sell-off the week before.

Source: https://gazette.com/news/us-world/asian-shares-inch-up-as-investors-brace-for-china-data-fed-speakers/article_e685ab12-3627-53ee-b831-d81c2c0775d5.html

On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier losses to rise 0.7%, driven by a late rebound in Asian and European shares.

Source: https://www.marketscreener.com/quote/currency/EURO-US-DOLLAR-EUR-USD-4591/news/World-stocks-climb-on-hopes-of-successful-debt-ceiling-outcome-43854000/?utm_medium=RSS&utm_content=20230515

That left the MSCI's broadest index of world shares up just under 0.1% but close to its highest level in 13 months reached on Monday.

Source: https://www.marketscreener.com/quote/currency/AUSTRALIAN-DOLLAR-US-DO-2373531/news/World-shares-muted-lira-plunges-to-record-low-44060908/?utm_medium=RSS&utm_content=20230607

The only situation I can think of where MSCI's margins don't increase over time is if its lower-margin businesses become a much more significant portion of the company's revenues.

Source: https://seekingalpha.com/article/4591966-msci-this-index-provider-is-a-great-but-expensive-stock?source=feed_all_articles

The pan-European STOXX 600 index rose 0.38% and MSCI's gauge of stocks across the globe gained 0.23%.

Source: https://gazette.com/news/us-world/european-shares-us-share-futures-rise-on-earnings-boost/article_dd06c0af-172d-505d-b3eb-cf71ee0c4a50.html