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
Overstock, Buckle and Dignity feature in FIS hot stock lists
24 January 2018 | London | Reporter: Zsuzsa Szabo
Overstock has regained prominence in the FIS Astec Analytics hot stocks list for the Americas, alongside Kodak and Buckle
BNP Paribas wins collateral access mandate from Aletti Gestielle SGR
23 January 2018 | Milan | Reporter: Jenna Lomax
BNP Paribas Securities Services has won a collateral access mandate from Aletti Gestielle SGR, an asset management firm based in Milan
James Burron to set up independent association
23 January 2018 | Toronto | Reporter: Jenna Lomax
Former AIMA COO James Burron is setting up an independent not-for-profit Canadian financial association
IHS Markit names Stuart Cornock as associate sales director
22 January 2018 | London | Reporter: Zsuzsa Szabo
Cornock has moved from Clearstream to IHS Markit
New York Fed confirms repo rate complaints
22 January 2018 | New York | Reporter: Zsuzsa Szabo
An audit of the Federal Reserve Bank of New York uncovered that the effective federal funds rate and overnight bank funding rate are in compliance with principles for financial benchmarks
James Burron has left AIMA
22 January 2018 | Toronto | Reporter: Jenna Lomax
James Burron has left the Alternative Investment Management Association
Hong Kong securities and derivatives markets break records in 2017
19 January 2018 | Hong Kong | Reporter: Jenna Lomax
Market capitalisation of Hong Kong’s securities market reached over $33 billion, while in the derivatives market total options trading reached over 137 thousand contracts