On Tuesday, the fund group affirmed that like peers Unigestion, T. Rowe Price and Vanguard, it will directly pay for the external research used by its fund management group to comply with Mifid II reforms that come into effect on 3 January 2018.
The funding of said research costs is expected to cost the firm £5m per annum.
As at 30 June, the active manager had amassed £29.2bn of assets across its UK, US, European, Global, Asian, Japanese and Emerging Markets strategies.
Ken Lambden, JOHCM Group CEO, said: “As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties.
“The new Mifid II regulations increase the level of transparency around the cost of research services, and we feel that under these regulations the direct payment of this cost is in the best interests of our clients.”
