Benefits and challenges of MiFID II

A survey by Visible Alpha

In August 2017, Visible Alpha, Institutional Investor and Substantive Research conducted a survey to understand how asset managers and asset owners were thinking about MiFID II and investment research.

Now that the regulations have gone into effect, Visible Alpha conducted a follow-up survey to understand if and how sentiment has changed among asset managers three months into MiFID II. 

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A few interesting findings:

  • Asset managers are putting a higher value on internal qualitative feedback as an important input into the research valuation process

  • While the majority of firms are not placing any rules around analysts/PMs accessing research, there was an increase in the number of firms mandating a single platform as a venue to consume research

  • There is greater interest in email tracking technology to protect against inducements