How securities lending helps ETFs

Large ETFs can generate additional income by lending (or “renting”) shares held in the portfolio to counterparties. These counterparties are usually large financial institutions or dealer-brokers that allow clients to sell shares of a particular company short. The counterparty will be required to deposit collateral… Read More

Broadridge adds a niche

BROADRIDGE FINANCIAL SOLUTIONS $130.56 New York symbol BR; TSINetwork Rating: Average) (201-714-3000;; Shares outstanding: 116.1 million; Market cap: $15.1 billion; Dividend yield: 1.5%) has completed the acquisition of Ireland-based Rockall Technologies Ltd. for $37 million.
That firm makes securities-based lending- and collateral-management software for wealth management firms and… Read More