T. Rowe Price Group (NASDAQ-GS: TROW) announced today that effective January 3, 2018, it will pay for third-party investment research used by its UK-based investment manager, T. Rowe Price International Ltd, which is subject to the European Union’s Markets in Financial Instruments Directive II (MiFID II) regulation.
Rob Sharps, Co-Head of Global Equity and Group Chief Investment Officer, comments:
“T. Rowe Price has more than 500 investment professionals globally, including more than 250 investment analysts, and is well-known and well-respected for its internal global research platform. In recent years, we have continued to invest in our alpha-generating capabilities around the globe by adding analysts focused on fundamental research, quantitative research, corporate governance, socially responsible investing, and corporate access. The supplemental third-party research we receive complements our own proprietary research.
“With this decision, we have ensured that our clients’ best interests are protected while preserving our globally collaborative investment process and our access to important third-party research.”