BlackRock enjoys Q4 sec lending boost
18 January 2016 New York
Image: Shutterstock
BlackRock’s securities lending revenue grew by $20 million in Q4 2015.
The US investment management firm claimed the rise over Q4 2014 was due to an increase in average balances of securities on loan.
Investment advisory, administration fees and securities lending revenue increased $64 million from Q4 2014, thanks to higher long-term average asset under management and increased securities lending revenue.
Securities lending revenue also increased $22 million between Q3 and Q4 2015, adding to an overall services increase of $4 million quarter-to-quater for investment advisory, administration fees and securities lending.
BlackRock’s iShares achieved long-term net inflows of $60.2 billion, led by equity net inflows of $47.6 billion.
This growth reflected demand for US equities and broad developed market exposures.
Fixed income net inflows of $11.9 billion included strong flows into core, high-yield and investment-grade corporate bond funds.
“BlackRock’s iShares franchise generated $130 billion of net inflows during the year and captured the number one share of flows globally, in the US and in Europe in 2015,” said Laurence Fink, chairman and CEO of BlackRock.
“iShares led the industry with $50 billion in fixed income ETF flows, as clients increasingly recognise that the benefits of ETFs—including liquidity, low cost and tax efficiency—apply to fixed income products just as they do to equities.”
The US investment management firm claimed the rise over Q4 2014 was due to an increase in average balances of securities on loan.
Investment advisory, administration fees and securities lending revenue increased $64 million from Q4 2014, thanks to higher long-term average asset under management and increased securities lending revenue.
Securities lending revenue also increased $22 million between Q3 and Q4 2015, adding to an overall services increase of $4 million quarter-to-quater for investment advisory, administration fees and securities lending.
BlackRock’s iShares achieved long-term net inflows of $60.2 billion, led by equity net inflows of $47.6 billion.
This growth reflected demand for US equities and broad developed market exposures.
Fixed income net inflows of $11.9 billion included strong flows into core, high-yield and investment-grade corporate bond funds.
“BlackRock’s iShares franchise generated $130 billion of net inflows during the year and captured the number one share of flows globally, in the US and in Europe in 2015,” said Laurence Fink, chairman and CEO of BlackRock.
“iShares led the industry with $50 billion in fixed income ETF flows, as clients increasingly recognise that the benefits of ETFs—including liquidity, low cost and tax efficiency—apply to fixed income products just as they do to equities.”
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