The house always wins: Stock exchanges consistently beat their benchmarks worldwide

Global 20-year return data shows that almost every listed stock exchange has outperformed its benchmark index, underscoring the long-term strength of the exchange business model.

Nov 17, 2025 - 12:00
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The house always wins: Stock exchanges consistently beat their benchmarks worldwide
Global 20-year return data shows that almost every listed stock exchange has outperformed its benchmark index, underscoring the long-term strength of the exchange business model.

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