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Asset Manager Pens MiFID II Cost Plans; Study Sheds Light On UK Fund Sector's Position

Josh O'Neill

5 October 2017

transposing into law. 

The general consensus is that the funds industry is moving to cover the costs, but Amundi, BNP Paribas, Carmignac, Deka and Man Group are among the small number of firms that have said they will pass costs onto clients.

BlackRock, the world's largest asset manager with more than $5.5 trillion in assets under management, initially said it would bill clients for research, but later backtracked on the decision.