Viking Global Shifts Gears: Andreas Halvorsen Makes $817 Million Bet on Ferrari, Slashes Tesla Stake by 78% in Q2
Viking Global's Andreas Halvorsen shifts gears in Q2, making an $817M bet on Ferrari while slashing Tesla by 78% and dumping Apple.
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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.
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Shares of banking and financial service companies are trading higher as declining oil prices and a weaker U.S. dollar have eased inflation concerns. The shift has reduced expectations that interest rates will remain elevated, improving sentiment across the broader financial sector.