Private Debt Assets Under Management

Private Debt Assets Under Management Private debt assets under management have tripled over the past decade to $812 billion. Investors are looking to increase yield in a world of low interest rates. Image: Goldman Sachs Global Investment Research

Private Sector Debt

Private Sector Debt Private sector debt is high in China, extremely high in Sweden, and continues to rise. Source: Gavekal

GWIM Debt Holdings as % of AUM

GWIM Debt Holdings as % of AUM The debt allocation of BofA’s private clients has dropped to 20%, still staying below the average level. Image: BofA Global Investment Strategy

GWIM Flows to Debt

GWIM Flows to Debt The significant rate at which BofA’s private clients are selling debt may reflect a change in investment strategy. Image: BofA Global Investment Strategy

Why We Should Not Be Afraid By China’s Debt?

Why We Should Not Be Afraid By China’s Debt? In China, there is a high level of savings and controls on capital outflows. Currently, most of the Chinese savings are lent or invested in China. So, China’s debt reflects the Chinese savings rate. It would be much more worrying if China’s debt led to external debt,…

GWIM 4-Week ETF Flows as % of AUM

GWIM 4-Week ETF Flows as % of AUM BofA’s private clients have been buying EM debt, Japan, munis ETFs, and selling utilities, energy, financials ETFs over the past four weeks. Image: BofA Global Investment Strategy