Category: Fund Flows

Monday Morning Memo: Follow the Money Flows—Another View of Securities Lending

Detlef Glow, Head of EMEA Research, Lipper

Securities lending is a widely used technique in the funds industry. Even though it is discussed more intensely in the ETF world, it is also commonly used in mutual funds. The reason for employing securities lending given by fund promoters is always the same: They claim the income from the securities-lending program is used to offset the cost of the management fees for investors, i.e., to

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