This week, the following chart from the Financial Times caught my attention. It shows the net issuance of shares worldwide since 1999. Although the year is still relatively young, 2024 so far shows the largest negative issuance over this period.
As the chart also indicates, in recent years, it has become more common for more shares to “disappear” (often bought back in buyback programs) than are issued. To be precise, in four of the last nine years.
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