Americas Business & Information Services Weekly debt issuance, AUM, exchange traded derivative volumes and fund formation as...

Equity Research 16 August 2026 | 9:00PM PDT

AMERICAS BUSINESS & INFORMATION SERVICES

Weekly debt issuance, AUM, exchange traded derivative volumes and fund formation as of 8/17/26

Global debt issuance volumes decreased 16% y/y for the week of 8/10/26, with 9% George K. Tong, CFA | y/y growth YTD. For the week of 8/10/26, global corporate investment grade Goldman Sachs & Co. LLC

issuance increased 60% y/y, high yield issuance declined 41% and leveraged loan Alex Lakritz | issuance fell 88%, while global financial institutions issuance expanded 38% and Goldman Sachs & Co. LLC structured finance issuance decreased 64%. Period average S&P index-linked ETF Sami Nasir, CFA | AUM rose 32% y/y for the week of 8/10/26, with SPGI ESG ETF AUM up 16%, while Goldman Sachs & Co. LLC MSCI index-linked ETF AUM expanded 36%, with MSCI ESG ETF AUM up 21%. S&P-linked exchange traded derivative volumes across the CBOE and CME exchanges decreased 8% y/y for the week of 8/10/26, while MSCI-linked exchange traded derivative volumes across the Eurex and ICE exchanges grew 3%. The total number of global funds rose 7% y/y for the week of 8/10/26, with global fund formation down 65%, while the total number of ESG funds expanded 3%, with no global ESG fund formation.

Exhibit 1: Weekly Global Capital Markets Update Through 8/17/26 Global Debt Issuance SPGI AUM MSCI AUM SPGI ETD MSCI ETD Volumes AUM AUM Contracts Contracts Y/Y Y/Y Y/Y Y/Y Y/Y Date ($mn) ($mn) ($mn) (000s) (000s) Quarterly 3Q '25 1 1,644,183 21% 4,345,537 20% 1,858,018 17% 763,736 12% 21,175 10% 4Q '25 0 1,261,313 5% 4,812,819 22% 2,051,217 22% 707,583 (5%) 18,594 (6%) 1Q '26 1 1,835,151 4% 5,192,677 23% 2,223,547 29% 842,640 26% 19,687 (1%) 2Q '26 0 1,856,182 33% 5,379,329 22% 2,416,614 37% 912,838 19% 24,482 2% Monthly May '26 1 652,786 15% 5,879,800 37% 2,643,533 43% 278,415 22% 13,547 20% Jun '26 0 673,584 29% 6,060,634 34% 2,710,076 39% 345,752 57% 13,547 20% Jul '26 0 401,030 (24%) 6,088,419 30% 2,694,063 35% 310,327 42% 4,613 25% Weekly 7/20/2026 0 73,638 (42%) 6,009,694 33% 2,681,084 38% 79,441 51% 1,228 48% 7/27/2026 0 72,976 (44%) 6,075,217 29% 2,677,341 33% 75,076 22% 1,255 25% 8/3/2026 1 111,808 (16%) 6,203,565 32% 2,736,808 36% 71,974 31% 949 44% 8/10/2026 1 93,423 (16%) 6,322,886 32% 2,781,421 36% 49,182 (8%) 682 3%

AUM figures represent period averages

Source: Dealogic, Bloomberg, CME, CBOE, Eurex, ICE, OCC, Goldman Sachs Global Investment Research

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Goldman Sachs Americas Business & Information Services

Exhibit 2: Global Capital Markets Details Through 8/17/26

Global Debt Issuance Volumes Global Corporate Finance Global Total

Date Inv. Grade Y/Y High Yield Y/Y Lev. Loans Y/Y Volume Y/Y Monthly Debt Issuance ($ in millions) Jun '26 188,342 66% 48,725 (18%) 117,777 17% 673,584 29% Jul '26 0 102,840 64% 27,753 (44%) 72,690 (62%) 401,030 (24%) Aug '26 MTD 104,997 78% 7,813 (70%) 12,170 (84%) 205,229 (16%) Weekly Debt Issuance ($ in millions) 7/27/2026 0 30,236 44% 5,484 (38%) 17,775 (72%) 72,976 (44%) 8/3/2026 1 60,313 94% 1,400 (91%) 8,510 (80%) 111,808 (16%) 8/10/2026 0 44,684 60% 6,413 (41%) 3,660 (88%) 93,423 (16%)

SPGI Index-Linked ETF AUM SPGI AUM SPGI Index-Linked ETF AUM Trailing 12 Month Metrics Period End Period Avg Period Avg AUM Market Y/Y Y/Y Flows Date AUM AUM Change Impact Monthly AUM ($ in millions) Jun '26 0 6,087,196 32% 6,060,634 34% 1,537,534 498,075 1,039,459 Jul '26 6,089,642 29% 6,088,419 30% 1,411,292 489,944 921,348 Aug '26 MTD 0 6,346,897 32% 6,263,225 32% 1,516,530 513,877 1,002,652 Weekly AUM ($ in millions) 7/27/2026 1 6,108,256 31% 6,075,217 29% 1,367,926 515,661 852,265 8/3/2026 0 6,298,875 32% 6,203,565 32% 1,495,212 509,905 985,307…