The SS&C GlobeOp Forward Redemption Indicator for February 2014 measured 3.38%, up from 2.67% in January, but in line with February’s historical averages.
Last month’s 2.67% redemption rate was a 12-month low, while the month before that, December 2013, reached a 12-month high at 5.9%.
Most of February’s redemption notices came one to two months before the redemption date, with 2.29% of notices falling within this timeframe. 0.64% came more than three months prior to the redemption date, 0.41% came less than one month before the redemption date, and 0.04% came two to three months out.
SS&C GlobeOp Forward Redemption Indicator Climbs in February
The SS&C GlobeOp Forward Redemption Indicator for February 2014 measured 3.38%, up from 2.67% in January, but in line with February’s historical averages.
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