Sec lending boosts income for Martin Currie Trust
18 April 2016 Edinburgh
Image: Shutterstock
The Martin Currie Global Portfolio Trust has earned gross profits of 拢53,000 since its stock lending programme began.
The new stock lending programme is managed by the trust鈥檚 custodian, State Street. It 鈥渁dds modestly to income鈥�, according to the trust鈥檚 2016 annual report, which covers the 12 months to 31 January 2016.
The report states that all loans are fully collateralised with cash (GBP, USD or EUR). The trust currently holds 拢37.7 million of collateral for its 拢36.6 million worth of investments available for stock lending.
Martin Currie has also paid 拢13,000 in fees for its stock loan programme.
The portfolio is managed by Tom Walker, who has overseen it since 2000.
Neil Gaskell, chairman of Martin Currie, said in his foreword for the trust鈥檚 2016 annual report: 鈥淎ny stock loans are fully collateralised and do not affect the management of the portfolio by Tom Walker.鈥�
The new stock lending programme is managed by the trust鈥檚 custodian, State Street. It 鈥渁dds modestly to income鈥�, according to the trust鈥檚 2016 annual report, which covers the 12 months to 31 January 2016.
The report states that all loans are fully collateralised with cash (GBP, USD or EUR). The trust currently holds 拢37.7 million of collateral for its 拢36.6 million worth of investments available for stock lending.
Martin Currie has also paid 拢13,000 in fees for its stock loan programme.
The portfolio is managed by Tom Walker, who has overseen it since 2000.
Neil Gaskell, chairman of Martin Currie, said in his foreword for the trust鈥檚 2016 annual report: 鈥淎ny stock loans are fully collateralised and do not affect the management of the portfolio by Tom Walker.鈥�
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