The emerging markets specialist will cover the price of research, such as analyst notes, from its own profit and loss account under Mifid II, following in the footsteps of the majority of big fund houses in Europe. BlackRock, Schroders, JPMorgan and Allianz Global Investors have all also said they will cover the cost of research from their own pockets, rather than charge investors for the service.
Only a handful of big asset managers, including Fidelity International, have decided to pass the cost of research on to clients.
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