Revenue for Q3 is $357.9m which is up $35.8m compared to the same period 12 months ago. A driver for this 11.1 per cent increase is a $9.1m rise in asset-based fees which includes ETFs and passive funds. To be more specific, $5m in revenue came from ETFs linked to MSCI indexes which is a result from the average ETFs AUM rising by 15.5 per cent.
AUM in ETFs Linked to MSCI Indexes:
|Q3 2018||Q2 2018||Q3 2017|
|Beginning Period AUM in ETFs linked to MSCI indexes||$744.7bn||$764.9bn||$481.4bn|
|Period-End AUM in ETFs linked to MSCI indexes||$765.5bn||$744.7bn||$674.3bn|
The table shows how the market depreciated by $19.4bn in Q2 of this year. However the loses have been rectified following Q3's performance. An increase in market value and cashflow saw AUM rise by $21.8bn but resulted in the AUM being only $0.6bn higher than what it was six-months ago. The inflow of assets has been steadily decreasing every quarter since Q3 2017.