OMGI confirms approach to research payments
Ahead of the implementation of the Markets in Financial Instruments Directive II (MiFID II), Old Mutual Global Investors has confirmed that it will absorb research payments, on MiFID II impacted funds, from 3 January 2018.
Warren Tonkinson, managing director, Old Mutual Global Investors, comments:
“Old Mutual Global Investors prides itself on offering competitive fees for active funds, with high active share, that deliver alpha.
“External research remains of the utmost importance to our business, in order to allow fund managers to deliver good investment outcomes. However, we do not believe it is in the best interests of our customers to charge them separately for this research. Therefore, we have decided that from 3 January 2018, for MiFID II affected funds, the business will absorb the cost of research.”