Solid as a BlackRock
26 October 2015 New York
Image: Shutterstock
BlackRock鈥檚 Q3 securities lending revenue stood firm year over year but fell $32 million below the previous quarter.
The US asset manager鈥檚 Q3 sec lending revenue was valued at $115 million, the same amount earned in Q3 2014, according to BlackRock鈥檚 latest figures.
The Q2 to Q3 2015 drop reflects the 鈥渆ffect of lower markets on average equity AUM and seasonally lower securities lending fees, partially offset by the effect of one additional revenue day in the current quarter鈥�, according to BlackRock.
BlackRock鈥檚 exchange-traded funds, iShares, saw long-term net inflows of $23.3 billion, including fixed income net inflows of $18.2 billion. This represented strong flows into US treasuries.
Equity net inflows of $5.3 billion were driven by flows into European-listed iShares and reflected demand for developed market exposures.
The US asset manager鈥檚 Q3 sec lending revenue was valued at $115 million, the same amount earned in Q3 2014, according to BlackRock鈥檚 latest figures.
The Q2 to Q3 2015 drop reflects the 鈥渆ffect of lower markets on average equity AUM and seasonally lower securities lending fees, partially offset by the effect of one additional revenue day in the current quarter鈥�, according to BlackRock.
BlackRock鈥檚 exchange-traded funds, iShares, saw long-term net inflows of $23.3 billion, including fixed income net inflows of $18.2 billion. This represented strong flows into US treasuries.
Equity net inflows of $5.3 billion were driven by flows into European-listed iShares and reflected demand for developed market exposures.
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