Gavekal Capital: Margin Debt Slightly Increases In September

Wednesday, October 29, 2014

Margin Debt Slightly Increases In September

NYSE Margin debt rose a miniscule (relatively speaking) $800 million in September. It currently still sits just below the all-time high set back in February. The three month change of -$433 million is the smallest absolute change since the three month period ending in August 2010. Credit balances slightly increased so net margin debt dropped a bit in September. We are eager to see if there was a pronounced drop in margin debt in October as equity volatility slightly increased.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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