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...
Everyone should be held to account
Industry Voice: PIMCO sees five potential "rude awakenings" that could mark a significant turning point for the global economy over the next three to five years.
With ETF Managers Group
Less feel financial firms 'honest and transparent'