SSGA begins securities lending on Asian bond fund

Chinese_indicesState Street Global Advisors (SSGA) says it will lend out some of the securities held by a fund investing in Asian bonds “to potentially enhance returns”. The firm says that from July 10, qualified borrowers will have access to some of the local currency bonds held by its ABF Pan-Asia Bond Index fund. The revenue from lending the securities will offset the fund’s costs to the benefit of investors. June Wong, head of Asia ex-Japan, said the lending programme will also support regional markets. “We believe the addition of Asian local-currency denominated bonds into the lending pool will deepen liquidity in the secondary markets, ultimately benefiting all investors,” she said. SSGA, which had $2.7 trillion under management at the end of March, is the investment management arm of State Street. ©2018 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.


SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.