SS&C GlobeOp Forward Redemption Indicator at 2.45 per cent for September
The SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45 per cent, up from 2.24 per cent in August.
"SS&C GlobeOp's Forward Redemption Indicator for September 2021 was a very favorable 2.45 per cent, reflecting lower redemption notices compared to the 3.43 per cent reported a year ago," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This improvement marked the fifteenth consecutive month of year-over-year reduction in monthly redemption notices.
"Moreover, the 2.45 per cent level of redemptions is the lowest reading for any month of September since the inception of the Forward Redemption Indicator in 2008."