Managers reconsider use of index providers amid 'eye-watering' costs
'Index providers having a laugh'
Many firms reviewed their relationships with key index providers as costs rise
The use of data from index providers by asset management groups as a benchmark tool is set to be disrupted as firms reconsider the "eye-watering" fees, and some providers respond by making their indices free to use for benchmarking purposes.
Industry participants have told Investment Week index providers have been charging them "significant" fees to use their indices and benchmarks on factsheets, marketing literature and websites. A number...
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