Barings has become the latest firm to announce it will absorb research costs instead of passing them onto clients when MiFID II comes into force in January.
This will include all of the firm's global equity, multi-asset and fixed income portfolios affected by MiFID II, once it comes into effect 3 January 2018.
The firm said it plans to continue expanding its research capabilities over the next few years, in response to client needs.
MiFID II requires the costs of research to be clearly identifiable when charged to a client, but a now growing number of asset managers have said they will bypass client charges entirely, choosing to pay for external research out of their own P&L and/or making further use of in-house capabilities.
Tom Finke, chairman and CEO of Barings, said: "Barings possesses exceptional breadth and depth of investment research talent, which serves as the underpinning of a robust global investment platform designed to serve our clients' needs.
"Our decision to absorb the costs for third-party research reflects our overarching goal of advancing partnership and putting our clients' interests first."
Last week, firms including Schroders, Janus Henderson Investors, Invesco and Union Investment made final decisions to absorb research costs post-MiFID II, despite previously indicating these costs would be passed onto customers.
The groups announced they would be paying for research from their own P&Ls, after a number of asset managers including BlackRock and AXA IM said earlier in the week they would be following this route.
This left just a handful of providers planning to charge clients for research, although a number of groups have yet to reveal their post MiFID II arrangements.
Invesco had previously said its preferred route would not involve absorbing costs, but it has made a final decision that external research costs incurred for MiFID impacted funds and client accounts will be paid for by the company.
"We are committed to ensuring our investment professionals have access to the external research market, which is critical to decision-making and delivering the long-term investment excellence our clients have come to expect from Invesco," it said.
Meanwhile Schroders, which already paid for all external research for its quantitative equity and fixed income funds, said it would also shoulder research costs on its other equity funds.
It added it was considering applying this approach to other jurisdictions.
"While we have met the main research principles of MiFID II for a number of years, we have concluded that we should absorb the cost of research for those clients affected by MiFID II," Peter Harrison, group chief executive said.
In a statement, Union Investment said it has decided it will no longer charge external research costs, after the firm completed several in-house projects to calculate future research costs.
"Our objective was that the total amount of future transaction and research costs would not be any higher than they are currently," said chief executive Hans Joachim Reinke.
"We therefore anticipate that, following our decision, the total costs for our customers will be lower."
Commenting on Janus Henderson's decision to absorb research costs, co-CEO Andrew Formica said: "With the implementation of MiFID II there has been a marked shift in the delivery and pricing of research. Our decision reflects our commitment to working on behalf of our clients to provide the best solution to meet their needs."
BlackRock and AXA IM announced last Wednesday their plans to absorb research costs.
BlackRock - the world's largest asset manager - has said it plans to absorb the costs of external research under the new EU rules.
The firm said it still needed external research to help deliver the best outcomes for clients.
"We are committed to developing our internal capabilities, while ensuring our teams retain access to external research that adds value to the investment process," the group said.
"From January 2018, any external research costs incurred for MiFID-impacted funds and client accounts will be paid for by BlackRock."
Meanwhile, Andrea Rossi, CEO of AXA Investment Managers, said the group had undertaken a thorough analysis of its internal research capabilities and need for externally produced research to prepare for the implementation of MiFID II.
As a result, AXA IM has decided to fully absorb the costs associated with external research used on clients' behalf.
Rossi said: "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.
"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.
"So, in the context of MiFID II, from January 3rd 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."
Meanwhile, earlier in the week Deutsche Asset Management, Franklin Templeton, SVM, Newton IM, Insight Investment, Aviva Investors and Aberdeen Standard Investments also all confirmed they will be taking on research costs, rather than charging clients, from January 2018.
In a statement, Deutsche AM said the firm will absorb the cost of external research for clients and "clients will therefore not be burdened with additional costs".
Nicolas Moreau, head of Deutsche Asset Management and member of the management board of Deutsche Bank said the firm will build on the expertise of in-house investment professionals while also continuing to purchase high quality external research "to ensure its fund managers have all necessary means for their investment processes".
"To this end, Deutsche AM will negotiate with its third-party research providers to optimise costs."
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