Securities Lending Best Practices: A Guidance Paper for US Mutual Funds
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Foreign investors are significant players in the equity market. Indeed, foreigners are majority
investors, especially, in public offering market. Most non-resident investors are domiciled in
the U.S. and Europe, introducing an important link between the offering market and
conditions overseas (see Figure 5). In August and September 2011, for example, there was no
share issuance––several public offerings were canceled or postponed due to investors’
concerns on contagion risks from the euro zone. Cross-country analysis also shows that
foreigners’ share in market capitalization has been higher than in other large emerging
economies. ...
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Securities Lending Best Practices: A Guidance Paper for US Mutual Funds
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Securities Lending Best Practices: A Guidance Paper for US Mutual Funds
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