Jackie Beard, director of closed-end fund research at Morningstar, explains how in just 12 months, a three-fold increase in the number of investment trusts releasing portfolio data on a monthly basis has been recorded by the group.
In May 2012, Morningstar issued a report titled Investment Trusts: Why Transparency Matters, which aimed to demonstrate why we thought investment companies needed to improve their transparency, particularly through the disclosure of full portfolio holdings, on a regular basis. Soon after, the Association of Investment Companies supported this call with their Disclosure of Portfolio Holdings Post RDR report in November 2012, which encouraged member boards to be more transparent. Following the implementation of the Retail Distribution Review in January 2013, we updated our initial trans...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
