Fidelity Bringing Securities Lending In-House Amid Fee War

The video discusses Fidelity's decision to bring its securities lending business in-house, aiming to save costs and gain informational advantages. It compares Fidelity's strategy with competitors like BlackRock and Vanguard, highlighting the potential benefits and challenges. The discussion also covers regulatory aspects, lending limits, and how revenue from securities lending is distributed, impacting management fees and shareholder returns.

What percentage of securities can funds lend out according to SEC regulations?

In what ways could Fidelity's management fees be affected by their securities lending strategy?