RE: EVIKING19 Apr 2021 23:38
The fees earned are mouthwatering. It's estimated the business is worth around Β£850m; some of the profits go back to the client, but far from all. Guardian research found that BlackRock, for example, pockets 40% of the fees from stock lending for itself. Others, such as Fidelity, told me that while they lend stock they only take fees to covers costs, and that the profit goes into the fund to benefit investors.