ubs-unbundles-research-and-execution

UBS unbundles research and execution

The bank believes fund managers in Asia will embrace this imported concept if it leads to more transparency.
UBS has backed the unbundling of research and execution fees in a bid to revolutionise the Asian brokerage market.

Unbundling, which is compulsory in the United Kingdom, may show no sign of being imposed by AsiaÆs financial regulatory authorities, but UBS believes it will become accepted by institutions as a key tenet of best execution policy.

The system means investment managers are required to clearly delineate charges within client bills by expressing investment research and execution charges separately. According to UBS, this will result in greater disclosure on the supply side and give institutions greater control over what firms they use to provide brokerage services.

Unbundled services can be processed through Commission Sharing Agreements,...
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