- Under the European Union's Mifid II rules set to go into effect on January 1, analyst research will have to be priced by brokerages and paid for by asset managers.
- BlackRock (NYSE:BLK) this morning joins a growing list of asset managers - Vanguard, Allianz, Deutsche Asset Management among them - promising to absorb all external research costs.
BlackRock to pick up research cost tab under new EU rules
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| Symbol | Last Price | % Chg |
|---|---|---|
| BLK | - | - |
| BlackRock, Inc. | ||