“While the Agg is often viewed as representing ‘the U.S. bond market,’ it in fact captures just 52% of the U.S. public bond market. Compare that with equity indices like the S&P 500, which covers 81% of the U.S. public equity market — or better yet, the CRSP U.S. Total Market Index, which covers 96%.”
Read the full article at JPMorgan.
In this article on private equity’s quest for IPO alternatives, Bloomberg notes, “The number of public companies in the US has almost halved since it peaked at around 7,500 in
“In the boom years of the 1950s, the 10 biggest companies, including AT&T, DuPont, and General Motors, regularly exceeded 30% of the value of all U.S. stocks. In July 1955,
Professor Nagel served as Executive Editor of the Journal of Finance, one of the leading academic finance journals in the world, from 2016 to 2022. Previously, he was an editor
©2024 CENTER FOR RESEARCH IN SECURITY PRICES, LLC. ALL RIGHTS RESERVED.
