Mon, Jun 25, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Survey: MiFID II is driving global standards for research unbundling

Tuesday, June 12, 2018

Bailey McCann, Opalesque New York:

A global poll of 418 fund managers representing over $30trn in AUM reveals research unbundling is expanding to the US and Asia. The trend is mostly seen as positive for end investors, although bad for brokers, while smaller companies are expected to be more negatively affected.

The survey, released by RSRCHXchange reveals a consensus view that unbundling is going global. 83% of respondents in the US think unbundling will take effect within the next four years and 53% of respondents in Asia expect it to take effect within two years. The smallest firms believe that change will come through regulation, whereas those in the largest firms believe it will be global compliance policies that will be the root cause of the global proliferation.

Attitudes to unbundling in Europe are generally negative but most respondents believe that it is positive for end investors, although negative for research providers and mixed for asset managers themselves. 78% of respondents within Europe thought unbundling was bad for brokers where as 53% felt it was a good thing for investors.

So far, research is being offered at a low price as any added fee related to investing now comes under almost immediate pressure from investors. However, investors note that the quality of research could suffer as a result and further 75% of respondents agree that the current low prices for research are not sustainable.

The impact of research unbundling is being f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp