MSFT Reseller Survey: June 2026 Results

Research evidence excerpt

MSFT Reseller Survey: June 2026 Results

Citi Research

directional trade idea; "Sell" means a negative directional trade idea; and "Relative Value" means any trade idea which does not have a clear direction to

the investment strategy.

European regulations require a 5 year price history when past performance of a security is referenced. CitiVelocity’s Charting Tool

(https://www.citivelocity.com/cv2/#go/CHARTING_3_Equities) provides the facility to create customisable price charts including a five year option. This

tool can be found in the Data & Analytics section under any of the asset class menus in CitiVelocity (https://www.citivelocity.com/). For further

information contact CitiVelocity support (https://www.citivelocity.com/cv2/go/CLIENT_SUPPORT). The source for all referenced prices, unless

otherwise stated, is DataCentral, which sources price information from LSEG Data & Analytics. Past performance is not a guarantee or reliable indicator of

future results. Forecasts are not a guarantee or reliable indicator of future performance.

Investors should always consider the investment objectives, risks, and charges and expenses of an ETF carefully before investing. The applicable

prospectus and key investor information document (as applicable) for an ETF should contain this and other information about such ETF. It is important to

read carefully any such prospectus before investing. Clients may obtain prospectuses and key investor information documents for ETFs from the

applicable distributor or authorized participant, the exchange upon which an ETF is listed and/or from the applicable website of the applicable ETF issuer.

The value of the investments and any accruing income may fall or rise. Any past performance, prediction or forecast is not indicative of future or likely