Premier breaks industry norm with MiFID II approach

Changes to cost of research

Laura Dew
clock • 1 min read

Premier Asset Management has announced a mixed solution for research costs under MiFID II, charging investors in equity funds only for external research.

The firm said in its final results released this morning that investors in its equity funds will continue to be charged the cost of external equity research. This was because external research on its equity products was "a significant part of the active management process for these funds".  However, research costs for multi-asset, fixed income and absolute return funds will be absorbed by the firm. These funds represent 74% of the firm's assets under management but Premier said the decision was not expected to have a material impact on the firm's cost base.  Most asset managers ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Trustpilot