BlackRock reports sec lending revenue rise 12 January 2018New York Reporter: Zsuzsa Szabo
Image: Shutterstock
BlackRock’s securities lending revenue for Q4 2017 exceeded the previous year’s quarterly total by $12 million.
The world largest asset manager recorded $150 million last quarter, up from $138 billion in Q4 2016.
As a business group, the investment advisory, administration fees and securities lending revenue increased $410 million from the fourth quarter of 2016, reflecting the impact of higher markets and organic growth on average assets under management (AUM).
The combined investment advisory, administration fees and securities lending revenue were boosted by a $104 million gain from the third quarter of 2017.
Laurence Fink, chair and CEO of BlackRock, said: "Some $367 billion of total net inflows for the year were the strongest flows in BlackRock’s history, and included $103 billion in the fourth quarter."
"BlackRock’s record 2017 results reflect the long-term investments we’ve consistently made in our business to better serve clients.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 