French asset manager will not pass Mifid II costs to investors after changing tack at the eleventh hour

Amundi, Europe’s largest asset manager, has taken a last-minute decision to pay for the cost of investment research under new EU trading rules coming into force on January 3.

It marks a reversal of a previous decision by the Paris-based asset manager to pass on these costs to investors.

Amundi to absorb research costs after Mifid II U-turn

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