SIX’s international custody business surpassed CHF 1 trillion in international assets under custody for the first time as the business experiences a record year.
SIX said strong demand for its custody services was underpinned by the recent global market rally and in particular growth in US equity markets. The provider’s total assets under custody (including domestic and international custody) amount to CHF 7.2 trillion.
Custody of equity assets has been the biggest driver, with an increase of CHF 44 billion year to date (+6%). This rise is distributed among foreign registered shares (+10%) and international ETFs (+5%).
Other asset classes have also seen significant growth. Bonds under custody have increased by 12% and warrants/structured product by 31%.
SIX reported significant increases in holdings from clients in the US and Germany. In the UK, the increase came from activity in the ETF market. This growth also reflects some additional portfolios from new clients.
