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Europe research spend seen plunging 90% as virus hammers fund managers

Asset managers' profitability has plunged amid rocky markets. Equity research budgets are falling, too

 Asset managers' spending on research is expected to plunge
Asset managers' spending on research is expected to plunge Photo: Getty Images

The coronavirus pandemic has already wreaked havoc on Europe’s investment management sector. But as stock pickers begin to scour choppy markets in search of fresh opportunities, access to research needed to spot winners could be drastically cut back.

Budgets allocated to investment research are expected to fall victim to European fund houses’ vast cost-cutting exercises.

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