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May 26, 2026

Weekly Debt Issuance AUM ETD Volumes and Fund Formation

Weekly UpdateRates CreditEquitiesDerivativesFinancials

Capital markets activity was mixed for the week ending May 18, 2026, with a 30% drop in debt issuance contrasted by robust 30%+ growth in index-linked ETF AUM and derivative volumes.

Key Takeaways

  • 1.Global debt issuance volumes saw a sharp 30% y/y decrease for the week of 5/18/26, though YTD volumes remain up 10%.
  • 2.Index-linked ETF AUM for both S&P and MSCI continues to show strong growth, rising 33% and 39% y/y respectively for the week of 5/18/26.
  • 3.Exchange traded derivative volumes expanded significantly, with MSCI-linked volumes growing 52% and S&P-linked volumes up 35% y/y.

Table of Contents

  • Global Capital Markets Details Through 5/26/26
  • Global Debt Issuance Volume Growth Highly Correlated with SPGI and MCO Ratings Revenue Growth
  • SPGI/MSCI Index-Linked ETF AUM Growth Highly Correlated with SPGI/MSCI Asset-Based Fees Growth
  • SPGI/MSCI-Linked ETD Volume Growth Predictive of SPGI/MSCI ETD Revenue/Run-Rate Growth
  • Weekly Global Debt Issuance Volumes Through 5/26/26
  • Weekly North America Debt Issuance Volumes Through 5/26/26
  • Weekly EMEA Debt Issuance Volumes Through 5/26/26
  • Weekly APAC Debt Issuance Volumes Through 5/26/26
  • Weekly S&P Index-Linked ETF AUM Through 5/26/26
  • Weekly MSCI Index-Linked ETF AUM Through 5/26/26
  • Weekly S&P-Linked Exchange Traded Derivative Volumes Through 5/26/26
  • Weekly MSCI-Linked Exchange Traded Derivative Volumes Through 5/26/26
  • Weekly Number of Newly Incepted Funds Through 5/26/26
  • Disclosure Appendix

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Authors

George K. TongAnna WuSami NasirAlex Lakritz

Securities

SPGIMSCIMCO

Themes

Capital Markets Activity VolatilityESG Fund TrendsInformation Services Revenue Correlation

Regions

GlobalNorth AmericaEuropeUnited States