AXA IM to absorb research costs

AXA IM to absorb research costs

French asset manager AXA Investment Managers has been the latest company to announce it will take in charge all costs related to research ahead of the implementation of Mifid II at the start of January 2018.

Andrea Rossi (pictured), CEO of AXA IM, said the firm has fully analysed its internal research capabilities and its need for externally produced research.

“As an active manager, research is at the heart of our investment process and our managers leverage both our extensive internal research and externally produced research to develop the most efficient investment processes and identify the best alpha sources to best serve our clients’ needs.

“We remain committed to active research and at the same time have made the decision to fully absorb the costs associated with the external research we utilise on our clients’ behalf. We feel this is the most appropriate approach to deliver the best results for our clients, provide clarity in their fees and best serve their interests.

“So, in the context of MiFID II, from 3 January 2018, AXA IM will assume all costs associated to research, not only for our Mifid II accounts, but for all funds and all client portfolios globally, subject to local regulation,” Rossi said.

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