Swiss group Vontobel is the latest asset manager to confirm that it will absorb research costs which will have to be disclosed under Mifid II.
“This decision creates clarity for our clients and makes our cost structure more transparent. We also see an opportunity for the client to benefit from more focused research in investment decisions”, explains Axel Schwarzer, Head of Vontobel Asset Management.
Other asset management firms, including Barings, RAM, AXA, Union Investment, Fisch Asset Management, Deutsche AM and Franklin Templeton have previously announced that they will take on research costs.
Meanwhile, other asset managers, including BNP Paribas, Deka and Invesco among others have confirmed that they will pass the costs on to the client.