Broadridge presents new securities lending assessment solution for mutual funds


Broadridge presents new securities lending assessment solution for mutual funds

Global FinTech company Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that it has launched Broadridge Securities Lending Board Insights solution.

The company, which is part of the S&P 500® Index, explained that Broadridge Securities Lending Board Insights is a firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds.

The report allows companies to monitor the relative cost, fee ‘splits’, and income obtained from their securities lending arrangements, as well as providing useful insights for the agent lender community as they look to benchmark their offerings against other service providers and to discuss program parameters with clients.

Faced with mounting pressure on fees and the need for a clearer understanding of competitive financials, many funds are looking to securities lending programs to maximize yield on their long-term holdings,” commented Eric Bernstein, head of Asset Management Solutions at Broadridge. “Based on Broadridge’s unique data set, coupled with rich subject-matter expertise, the reports help boards and fund companies get ahead of today’s challenges to capitalize on what’s next, uncovering opportunities to improve their returns.

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Broadridge presents new securities lending assessment solution for mutual funds

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