Financial Times: Ashmore to absorb costs of research under MiFID II

03 January 2018

Ashmore, the only major asset manager that had not publicly announced how it will pay for investment research under sweeping rules that just came into force, has finally made a decision.

The emerging markets specialist will cover the price of research, such as analyst notes, from its own profit and loss account under Mifid II, following in the footsteps of the majority of big fund houses in Europe. BlackRock, Schroders, JPMorgan and Allianz Global Investors have all also said they will cover the cost of research from their own pockets, rather than charge investors for the service.

Only a handful of big asset managers, including Fidelity International, have decided to pass the cost of research on to clients.

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