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Barings becomes latest firm to absorb research costs

Barings becomes latest firm to absorb research costs

Barings has announced it will absorb external investment research costs when Mifid II comes into effect in January 2018.

The firm's global head of equities, Ghadir Abu Leil-Cooper said that over the past few years the firm made significant investments in expanding its own comprehensive in-house research capabilities and reducing third-party research costs.

She said: 'While we will continue to utilise select external research where it benefits our clients, the decision to absorb those costs is a logical step in strengthening our partnerships with our clients.'

Chairman and chief executive Tom Finke added: 'Our decision to absorb the costs for third-party research reflects our overarching goal of advancing partnership and putting our clients’ interests first.'

Brokers, banks and securities trading firms which fall under the scope of the new regulation, will have to invoice separately for the analysis and research they provide to clients.

Barings is the latest in a series of asset managers, such as Aviva, Jupiter Asset Management, JP Morgan Asset Management and Allianz Global Investors, that have announced they will absorb these costs.



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