Kempen Capital Management has decided to cover external investment research costs itself from 2018 under the new European Union (EU) legislation package of measures for financial markets under MiFID II.
The move comes as the requirements of MiFID II state specific costs incurred for external investment research must be transparent and recognisable as such. Separate pricing for external investment research, also known as "unbundling", is expected increase transparency in the cost structure, which currently sees trading and research costs lumped together in a single commission paid by the client. Hargreaves Lansdown CEO: Asset managers should pay all costs of running funds Lars Dijkstra, CIO at Kempen, said: "We welcome any chance to increase transparency and efficiency in the finan...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
