"Of course we are trying to get a bigger piece of the pie," says Per Mattsson, Morningstar's Head of Sales and Business Development Nordics, when AMWatch asks about the company's plans to get more Nordic research business as a result of the new MIFID II regulations. "However, I do think the size of the market for equity research most likely will shrink due to asset managers' lower willingness to pay when it's unbundled," he adds.
Morningstar's sales team has held numerous meetings with Nordic asset managers in recent months, as it became clear that unbundling of research services was about to become a reality with the implementation of MIFID II.
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