Large fund houses slash broker research spend after Mifid II

Budgets ‘down by an average of 30 per cent’ but variations are significant Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/a4de8088-378d-3e39-bc6c-0efe736239a8 Fund houses... Read more

Research: Site visits most valuable, says investment community

Just 24 percent of companies plan to increase company and site visits in 2018 Site visits have topped roadshows and even informal meetings in a new report from IR Magazine asking members of the investment community to name their preferred meeting types. Click here for more information on how to download the Investor Engagement report: 28 pages on which meetings the investment community finds most rewarding, how the buy side wants to receive invitations, and more.  Eighty percent of... Read more

Invesco and Wellington eye global adoption of Mifid II

Lobbying of SEC fuels speculation that fund groups want to extend model to the US Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.comT&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/075382ef-6c58-3b21-9010-63aa8e013d70... Read more

Mifid II puts pressure on IR teams

Smaller IR teams most affected Mifid II has put the IR teams of UK companies under increasing pressure as demands from investors soar, according to research from London-based IR specialist firm Orient Capital. The implementation of Mifid II in January last year always had the potential to increase the range of responsibilities IR teams must take on as support from brokers reduced and investors engaged with issuers directly. This, states the research, is clearly placing... Read more

It is time to consider VIDEO for IR and Corporate Access

It's time to consider Video as an important IR tool You may have asked yourself “why aren’t more investor meetings organized using video in the cloud?”.  If you haven’t asked yourself that…you should.  Technology has made advances in not only software and hardware but also in…bandwidth. Video is the fastest growing communication medium in the world.  I am sure “your company” is using video for marketing, internal communications and/or customer service.  WHY NOT FOR IR?  In a world where ESG is... Read more

MiFID II Worries U.S. Buy Side

Markets in Financial Instruments Directive II will turn one on January 3, 2019. How has the sweeping European directive impacted the U.S. equities market and how has it affected brokers’ relationships with EU and US clients? That was the topic of a Thursday afternoon panel discussion at WBR Equities Leaders Summit. As a European ruleset, MiFID II isn’t binding for U.S. firms that don’t do business on the ‘Old Continent’ . But that only goes... Read more

The bill for the buffet: Mifid II in the US

 look at Mifid II in the US a year after Europe-wide implementation A year on from the implementation of Mifid II in Europe, IROs in the US are seeing how the regulation is changing the EU’s investment management landscape – and are watching for ripple effects. That’s because two areas IROs typically manage – research coverage and corporate access – are starting to be impacted.   It’s important for IROs in the US to understand how their... Read more

Factbox: One Year After MiFID II, European Stocks Coverage Falls

(REUTERS) - ASSET managers have been unwilling to pay as much for research following the introduction of MiFID II rules forcing many brokers in Europe to scale back their coverage of small- and medium-sized companies. Britain's Financial Conduct Authority (FCA) and France's AMF have both said they are looking into the impact on the market of the rules unbundling fees. A Reuters analysis of analysts by exchange and individual stock in London, Paris, Frankurt and Madrid... Read more

Unbundling Research: Canary in the Coalmine

Critics claim that unbundling research from execution will negatively impact research provision, particularly small and mid-cap companies, threatening listings and secondary trading volumes in Europe as a result. Proponents believe this offers an opportunity to open up the research market and challenge the status quo regarding the implementation and execution of investment ideas. As the first year of MiFID II draws to a close, we spoke to 62 market participants in a variety of roles... Read more

Mifid II going global, says research

IR Magazine anticipated trend for European regulation to become global standard Mifid II rules on the funding of investment research are changing behavior on a global scale, according to new research. It’s a development that has huge implications for fund houses, banks, brokers and investors globally – and a trend anticipated by IR Magazine more than a year ago. The research – by Liquidnet, a global institutional investment network – reveals that a majority of asset managers are... Read more