The SS&C GlobeOp Forward Redemption Indicator for July 2016 measured 2.95 per cent, down from 4.88 per cent in June.
"SS&C GlobeOp's Forward Redemption Indicator rose to 2.95 per cent for July 2016, up from 2.08 per cent reported a year ago for July 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"However, it's worth noting with regard to this comparison that the prior year's reported July number of 2.08 per cent equalled the lowest of any month of July since the inception of the index.
“Even with this difficult comparison, on a year-to-date basis redemption notices in 2016 are running virtually identical to redemption notices in 2015."