Schroders' Spedding: It is down to asset managers to provide more information for trust investors after MiFID II

More education needed

John Spedding, head of investment trusts at Schroder Investment Management, has said asset management houses must do more to ensure investors are kept well informed about investment trusts once MiFID II is implemented and research on the sector will need to be paid for separately.

From 3 January 2018, investment company analysts at companies also offering brokering services will start charging for access to their unbundled research, some at a fixed cost and others with a tiered structure depending on the size of their clients and the depth of research required. But, as Spedding points out, many closed-ended investors are private individuals and may not be able to afford the level of research currently available. As a result, Spedding said it is down to asset managers and organisations such as the Association of Investment Companies (AIC) to ensure investors are...