截至2025年5月27日的美洲商业与信息服务每周债务发行_资产管理规模_交易所交易衍生品交易量和基金成立情况_17页_824kb

Global Debt Issuance Overview

• Total y/y Decline: Global debt issuance volumes decreased 26% year-over-year for the week ending May 19, 2025, with a 11% y/y decline year-to-date (YTD).
• Regional Breakdown:
  • Americas: Corporate investment grade increased 32% y/y, high yield rose 19%, leveraged loans fell 90%, and global financials rose 70%.
  • EMEA: Mixed performance with investment grade increasing 24%, high yield up 10%, and leveraged loans up 0%.
  • APAC: Investment grade declined 4%, with investment grade up 4% and high yield mixed.

ETF Asset Under Management (AUM)

• S&P-Linked (SPGI):
  • AUM rose 21% y/y for the week, with ESG ETFs increasing 23%.
  • Period averages show consistent growth across categories.
• MSCI-Linked:
  • AUM increased 17% y/y overall, with significant growth in emerging strategies.
  • Asset-based fees showed strong correlation with AUM growth.

Exchange Traded Derivative Volumes

• S&P-Linked ETFs: Volumes increased 17% y/y, with S&P index-linked ETFs up 21%.
• MSCI-Linked ETFs: Volumes rose 14% y/y, with particular growth in emerging strategies and developing economies.
• Derivatives: High correlation exists between ETF volumes and revenue growth for both index providers.

Fund Formation

• ESG Focus: Global ESG fund formation fell 53% y/y.
• Regional Trends: EMEA led with strong inflows, while APAC saw modest growth.

Key Correlations

• Debt issuance volume growth closely tracks index (SPGI and MSCI) ratings revenue growth.
• ETF AUM growth highly correlates with asset-based fees revenue.
• ETF volumes predict future revenue growth and run rates.

Outlook and Notes

• Volatile but overall positive market sentiment amid regulatory changes and thematic investing.