MiFID Research Price War Sees Wealth Funds Focus on Quality
- Nigeria fund chief says he’s willing to ‘pay more for quality’
- New EU rules will boost returns for investors, NZ fund hopes
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As a price war causes the cost of analyst research in Europe to plunge toward zero, one corner of the investment market says quality is still worth paying for: sovereign-wealth funds.
The Nigeria Sovereign Investment Authority said the best researchers could even get paid more under the new MiFID II rules, which come into force in just over three months. New Zealand’s superannuation fund hopes the regulatory overhaul will improve returns across the market.