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.
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