Transparency needed over securities lending in ETFs

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A greater level of transparency is needed when ETF providers lend out securities held within their funds, according to industry experts. The extent of securities lending activity varies across ETFs and issuers, differing in the amount of securities on loan, and the level and type of collateral held in place. Whitechurch senior analyst Ben Seager-Scott said: "It worries me that you don't know what you're holding in securities lending." For example, iShares can lend out up to 95% of the securit

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