Frankfurt
20 June 2017
Reporter: Stephanie Palmer

Clearstream’s ETF assets surpass €300 billion


Clearstream has seen a 25 percent increase in its custody business for exchange-traded funds (ETFs) over the last 12 months, with ETF assets under custody passing the €300 billion mark for the first time in May.

According to Clearstream, this increase is partly down to the emergence of products like its Vestima cross-border fund processing platform, designed to simplify cross-border ETF transactions while improving liquidity and reducing costs.

ETFs were added to the Vestima fund platform in 2014.

Clearstream Banking co-CEO Philippe Seyll, said: “Our system takes care of the complexity.”

He added: “It is low on cost and it is automated. This means that a French investor can buy into a German-listed ETF and sell it on the UK stock exchange seamlessly.”

Clearstream’s total assets under custody for May saw a 3 percent increase to €13.46 trillion compared to the same month last year, when assets under custody reached €13.04 trillion.

The investment funds services business saw an almost 50 percent increase in the number of transactions, and a 19 percent increase in the value of securities deposits.

Transactions increased from 1.4 million in May 2016 to 2 million in May 2017, with securities deposits increasing from €1.84 trillion to €2.2 trillion.

In its international central securities depository (ICSD) business, clearstream saw a 37 percent increase in the number of transactions, from 2.9 million in May last year to 4 million this year. However, securities deposits dipped by 2 percent, falling from €6.81 trillion to €6.7 trillion.

Similarly, in the CSD business, transactions jumped from 6.2 million to 8.3 million, marking a 35 percent increase. This did not translate to securities deposits figures, however, which saw a 4 percent increase from €4.39 trillion in May 2016 to €4.56 trillion in May 2017.

Finally, Clearstream’s global securities financing business reported a 14 percent drop in volume outstanding, from €522.8 billion in May last year to €451.5 billion in the same month this year.

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AcadiaSoft expands user base for IM compliance
21 September 2017 | Massachusetts | Reporter: Drew Nicol
The second phase of the IM rules went live on 1 September under the regulatory framework of BCBS and IOSCO
UCITS funds enjoy assets boom in Q2
18 September 2017 | Brussels | Reporter: Jenna Lomax
The latest growth figures represent the highest level of net sales recorded since Q1 2015
Gestar acquires ESG solution provider ISS
08 September 2017 | New York | Reporter: Stephanie Palmer
Genstar Capital is to acquire Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment solutions, from Vestar Capital Partners
AxiomSL expands European presence
07 September 2017 | London | Reporter: Stephanie Palmer
AxiomSL has opened new offices in Paris, Madrid and Frankfurt, in a bid to strengthen support for clients in those respective countries
World’s pension funds return to form in 2016
05 September 2017 | London | Reporter: Drew Nicol
The world’s largest pension funds increased their assets under management by 6.1 percent in 2016, and are now worth $15.7 trillion, according Willis Towers Watson
Northern Trust appoints new head of Southeast Asia
30 August 2017 | Singapore | Reporter: Jenna Lomax
Northern Trust has chosen Yen Leng Ong as its new country head of Singapore and head of Southeast Asia
SIX reports strong results for 2017 so far
30 August 2017 | Zurich | Reporter: Stephanie Palmer
The securities services business drove strong results for SIX during the first six months of 2017, recording an operating income of CHF 189.1 million (€165.65 million)
More Industry news