Why MSCI Shares Surged 10.5% in November

Shares of financial data provider MSCI (NYSE: MSCI) rose 10.5% in November, according to data from S&P Global Market Intelligence. Investors continued to back the company's shares following an Oct. 31 earnings report that beat on both revenue and EPS expectations. The company also signed a long-term licensing agreement with a key client.

Portions of MSCI's revenues are also linked to assets under management, and rising world indices on hopes for a U.S.-China trade deal added fuel to the fire. Finally, MSCI opened up its new ESG (environmental, social, and governance) analytics platform to the public late in the month, as it aims to ride the new trend in ESG-linked asset allocation.

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Source Fool.com