Ocorian: Value of global assets hits record $246.8 trillion

Ocorian: Value of global assets hits record $246.8 trillion

28 januari 2025

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The total market value of eight of the biggest asset classes globally hit a new high of $246.8 trillion at the end of 2024, increasing by a record $25.5 trillion driven by a surge in equity markets, new analysis from Ocorian shows.

However, Ocorian’s new Global Asset Monitor – which tracks the major trends in public and private markets – underlines that over the long-term private assets have grown nearly three times as fast as public assets, rising 618% in the past 15 years. Last year the value of private market assets increased by an estimated $1.27 trillion – around 9.7% – to a record $14.34 trillion which excludes undeployed capital, so-called dry powder.

Private assets have become increasingly attractive due to their ability to help with diversification as well as returns which have been 4.8% higher per year since 2000, Ocorian’s Global Asset Monitor shows. Private equity accounts for around 75% of the total value.

Equity and bond markets

The analysis of global equity and bond markets as well as private equity, infrastructure, real estate and private debt found that publicly listed assets ended the year with a market value of $232.45 trillion increasing by 11.6%. Listed equities increased 15.4% in the period to $115.03 trillion while bond markets rose by 8.1% to $117.42 trillion. The Global Asset Monitor shows bond markets have grown by more than half since the start of 2020 due to a surge in issuance by governments and companies.

The analysis underlines the growing risk of concentration in public markets and the threat to investors looking to diversify. US stock markets accounted for 84% of the global rise in stock markets last year; AI chipmaker Nvidia alone contributed a seventh of the global equity increase. Just 10 stocks accounted for a sixth of the global total market capitalisation at the end of 2024, as much as the European, UK and Japanese stock markets combined.

The increased market value of bonds was driven mainly by increased issuance – in other words additional borrowing by governments, companies and agencies - although prices also rose slightly due to interest rate cuts. The total face value (i.e. the amount owed, not the market value) of sovereign bonds rose by $5.2 trillion last year to $67.77 trillion (market value $63.43 trillion) while the face value of corporate bonds rose $3.27 trillion to $36.1 trillion (market value $34.5 trillion).

Private markets

The value of assets across all private market asset classes rose last year apart from real estate, which recorded a 2.5% drop, while infrastructure recorded the biggest increase year on year at 12.4% narrowly ahead of private equity at 11.6%.

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