网爆吃瓜 lending revenue up 3% YoY for March
02 April 2025 Global
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Global securities lending revenue reached US$1,087 million in March, marking a 3 per cent increase compared to the previous year, S&P Global Market Intelligence reports.
Asia was in the spotlight in March, with equities growing 34 per cent year-on-year (YoY) to US$264 million, and a 108 per cent jump in ETFs, generating US$92 million.
According to the multi-asset class and real-time data provider, the rise in revenues came from the combined growth in both balances and average fees.
Fixed income assets also continued to shine, with government bond revenues increasing 6 per cent YoY to US$184 million and corporate bond revenues growing 7 per cent YoY to US$86 million.
From a further distance, the first quarter of the year generated US$2,892 million in global securities lending revenues 鈥� a YoY increase of 5 per cent.
As was the case during March, Asian equities and ETFs were in the lead, posting increases of 29 per cent (US$630 million) and 109 per cent (US$267 million) respectively.
In the Americas, equity revenues experienced a decline of 18 per cent YoY to US$876 million, while EMEA equities dropped 8 per cent YoY to US$207 million.
Average fees were also reflective of these moves, falling 21 per cent YoY to 0.53 per cent across Americas equities and -20 per cent YoY across EMEA equities to 0.44 per cent.
Balances continued to grow across all asset classes as did YoY revenues across fixed income assets 鈥� government bonds were up 15 per cent, generating US$538 million, and corporate bonds were up 3 per cent, resulting in US$246 million.
Matt Chessum, director of securities finance at S&P Global Market Intelligence, comments: 鈥淚n Q1 2025, we experienced a notable shift in investor behaviour, leading to a YoY increase in securities lending revenues as market volatility intensified.鈥�
He notes that the momentum of Asian equities and ETFs, which continued throughout the quarter, underscores how the movement in global investment trends has favourably impacted Asian markets in particular, driving substantial increases in both monthly and quarterly revenues.
Looking ahead, Chessum anticipates: 鈥淎s we head into Q2, and uncertainty grows, securities lending activity is likely to continue to reflect investor sentiment through the borrowing of thematic ETFs and tariff-related stocks.鈥�
Asia was in the spotlight in March, with equities growing 34 per cent year-on-year (YoY) to US$264 million, and a 108 per cent jump in ETFs, generating US$92 million.
According to the multi-asset class and real-time data provider, the rise in revenues came from the combined growth in both balances and average fees.
Fixed income assets also continued to shine, with government bond revenues increasing 6 per cent YoY to US$184 million and corporate bond revenues growing 7 per cent YoY to US$86 million.
From a further distance, the first quarter of the year generated US$2,892 million in global securities lending revenues 鈥� a YoY increase of 5 per cent.
As was the case during March, Asian equities and ETFs were in the lead, posting increases of 29 per cent (US$630 million) and 109 per cent (US$267 million) respectively.
In the Americas, equity revenues experienced a decline of 18 per cent YoY to US$876 million, while EMEA equities dropped 8 per cent YoY to US$207 million.
Average fees were also reflective of these moves, falling 21 per cent YoY to 0.53 per cent across Americas equities and -20 per cent YoY across EMEA equities to 0.44 per cent.
Balances continued to grow across all asset classes as did YoY revenues across fixed income assets 鈥� government bonds were up 15 per cent, generating US$538 million, and corporate bonds were up 3 per cent, resulting in US$246 million.
Matt Chessum, director of securities finance at S&P Global Market Intelligence, comments: 鈥淚n Q1 2025, we experienced a notable shift in investor behaviour, leading to a YoY increase in securities lending revenues as market volatility intensified.鈥�
He notes that the momentum of Asian equities and ETFs, which continued throughout the quarter, underscores how the movement in global investment trends has favourably impacted Asian markets in particular, driving substantial increases in both monthly and quarterly revenues.
Looking ahead, Chessum anticipates: 鈥淎s we head into Q2, and uncertainty grows, securities lending activity is likely to continue to reflect investor sentiment through the borrowing of thematic ETFs and tariff-related stocks.鈥�
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