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Paying for Research

Research output: Contribution to specialist publicationArticle

Original languageEnglish
Number of pages2
JournalThe Journal of the Chartered Institute for Securities & Investment
Publication statusPublished - 15 Mar 2015


The results presented here are part of an ongoing study into the market for investment research. Our survey evidence suggests that the introduction of Commission Sharing Arrangements has allowed fund managers to obtain a higher degree of independence in the advice they purchase, a wider choice of inputs and better value for money. We also find that fund managers place more emphasis on information processing rather than equity valuation, on business research rather than securities research and on advice rather than predictive accuracy.

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