Fund managers in Europe have cut their research budgets for 2018 by 20%, which is "more aggressive budget cutting" than previously predicted, as MiFID II drives a reduction in number of research providers they use, according to a survey.
According to US consulting firm Greenwich Associates, the decline in spending is largely driven by a more selective approach to buying research from a smaller number of banks, reported Bloomberg. The...
Industry Voice: Chris Taylor discusses the outlook for Japan, explaining why corporates are producing record aggregate profits and profits growth.
Comes in on 9 December 2019
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