The Guy Carpenter Global Composite’s aggregate book value unchanged from last week. The measure is still down 18 percent for the year. Likewise, the aggregate book value of the S&P Banks Index is unchanged from last week-down 35 percent year-to-date.
(Chart after the jump)
In general, the book values of both indices appear to have stabilized over the past several weeks. This may be due to some recent mitigation of asset side exposure.
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