June 2017

What influence have transaction costs had on market participants?

 

John Porter

Global Head of Fixed Income and Structured Finance, AXA IM

“To transact in a high turnover manner, one has to limit their assets under management.  If note, one will need to pay a lot of alpha away in transaction costs. On the other hand, one can manage a large asset base, but on the condition that turnover is relatively low.”