FYI: Last week, I had a simple question: What is the market capitalization of US and Global Stocks? Fixed income? Other investable assets?
Surprisingly, there are no easily accessible definitive answers. No one or organization maintains a definitive data set for the market capitalization of stocks and bonds around the world.
To find those answer, I reached out to numerous experts and used a variety of sources: Vanguard for Equity, Fixed Income and non-publicly traded company stock; Morningstar for Equity and Fixed Income flows (via Nir Kaissar), SIFMA for global bond totals (via Dave Nadig), Russell for US Equity, and Savills for global Real Estate. Then I compared these against the Federal Reserve’s Z1 Financial Accounts of the United States.
Regards,
Ted
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