The world has seen a surge in value in the last year, fuelled by a boom in the stock market and the rise of e-commerce, and now there is a clear winner in the global gilt futures market.
The world is on course to become the wealthiest country in the world by the end of 2020, according to a new report from the IMF.
The global market capitalisation of gilt has grown by $5.4 trillion, or about a fifth of all global capital.
The report, issued on Monday, shows the world has reached the point where gilt can become the most valuable asset class in the market.
It says there is more to come.
“We are in a globalised world,” said Richard Murphy, chief executive of the World Economic Forum.
“And this means the demand for gilt will increase.”
Gilt futures have been around for more than a decade and are based on the assumption that a basket of assets will be sold on the market in a predictable way.
It is also the world’s largest type of insurance, covering a range of assets.
It has grown rapidly over the past decade, and was worth $1.8 trillion at the start of 2018.
But the world is set to surpass its current level of wealth, with the IMF estimating that global wealth will surpass $60 trillion by 2020.
In terms of assets, it’s clear the global market is now the most lucrative asset class.
There are now more than 500 global insurers, according the IMF, and it expects this number to double in the next few years.
A big part of that growth has been driven by the e-currencies and cryptocurrencies, which are widely used in finance and trade.
They are not only used by individuals, but are also used by companies, banks and governments to store and trade their data.
The IMF also says that there are now over 3,000 private equity funds in the United States alone.
It said the rise in value of the gilt is also due to “stronger regulation in the U.S., especially in the financial sector”.
The IMF’s report says that in addition to the U, the biggest global insurance market is the UK, which has seen its insurance assets rise by $4.6 trillion, up from $1 trillion in 2018.
Meanwhile, in the European Union, which is a member of the IMF but is not part of the global insurance sector, the insurance market has grown in value by more than $2.6 billion.
Gilts are being used to buy stocks in other insurance markets.
According to a report by Euromonitor, in 2019, the US insurance market saw an annual gain of $1 billion in the insurance sector.
The number of insurers in Europe grew by more in the same period.
Some experts say that the surge in gilt prices in the past year is a sign of how investors are taking the global financial crisis more seriously, and are taking advantage of opportunities to buy the most expensive assets in the markets.
“The market has been buoyant,” said Michael Johnson, head of research at consultancy Morningstar.
“There are a lot of opportunities, and gilt in particular is a good one for them.
It’s the right time to buy because the market is growing.
Investors are buying insurance on a regular basis and they have done so for many years.”
One reason for this, said Johnson, is the impact of the financial crisis.
“The fact that the market was going through this sort of upheaval before the financial crash in 2008 was going to have a significant impact on how gilt value is calculated,” he said.
The report is not the first to suggest the gilts are becoming more valuable.
In April, Bank of America Merrill Lynch estimated that the value of gilts in 2020 was more than five times the value they were in 2017.
But it said this surge in demand had “little or no correlation” to the economic turmoil that hit the world in the first half of the year.
“There is a significant number of people who are buying gilts for their savings, and the markets are still fairly strong,” said the report’s author, Daniel J. Steinhardt.
“Gilts were actually relatively cheap last year.”
A key part of this growth in value has been in gilts being traded on the exchanges, where investors can buy and sell them in real time.
This has allowed a small number of firms to gain a foothold in the industry, and a small amount of money to be made.
But there are still a lot more companies competing to become part of a market that is becoming increasingly valuable.