04 April 2017
Frankfurt
Reporter: Drew Nicol
EU beneficial owners see asset dropoff
Euro area insurance corporations and pension funds both saw their overall assets decrease in the final months of 2016.

Total assets of pension funds fell to €3,404 billion in Q4, from €3,476 billion in the previous quarter.

Likewise, insurance providers’ assets dropped to €7.7 trillion, from €7.8 trillion over the same period.

Data from the European Central Bank (ECB) broke down the balance sheets for both types of beneficial owners in the EU.

For both pension funds and insurance providers, holdings of investment fund shares accounted for 44 percent of sector total assets at the end of 2016.

The remainder of pension fund balance sheets were divided between debt securities (24 percent) and equities (13 percent).

For insurance companies, investment fund shares made up the second largest category of holdings with 24 percent, with equities and loans accounting for 10 percent and 8 percent respectively.

The drop off of insurance provider assets was attributed to “a decrease in value of corresponding assets, marginally offset by transactions amounting to €4 billion”.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Pension funds pick Northern Trust for sec lending
28 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has secured its thirteenth Irish state pension fund as a securities lending services client
BoE money markets code gets ISLA approval
28 April 2017 | London | Reporter: Drew Nicol
The code offers market best practice principles and acts as a revision and update of the securities borrowing and lending code and the gilt repo code
Lenders should stick to the scrip
27 April 2017 | London | Reporter: Drew Nicol
Beneficial owners are "leaving money on the table" by failing to engage in scrip options, heard attendees of the Finadium Investors in Securities Lending conference in London
Securities lending revenue drops as hot stocks fall short
27 April 2017 | London | Reporter: Drew Nicol
In a presentation at the Finadium Investors in Securities Lending Conference in London, DataLend revealed that revenue for Q1 2017 hit $2.5 billion, down $247 million from Q4 2016
State Street sees slow Q1 for securities finance
27 April 2017 | Boston | Reporter: Stephanie Palmer
State Street saw very slight declines in securities finance revenues in Q1 2017, securing $133 million, 0.7 percent less than the $134 million taken in the same period last year
Delta Capita acquires Appendium
27 April 2017 | London | Reporter: Mark Dugdale
Business and technology consultancy Delta Capita has acquired Appendium as it gears up to launch a securities finance utility later this year
Squawker launches equity finance platform
27 April 2017 | London | Reporter: Mark Dugdale
The new platform provides a central hub for European equity finance participants to bring the execution of their equity hedge trades on-exchange. Squawker said six investment banks are participating