Morningstar: ITs 'not transparent enough' to compete with OEICs
Morningstar has launched a stinging attack on the closed-ended funds industry, arguing the sector will not be able to compete with OEICs until it releases full holdings data on a regular basis.
The data provider said a number of investment companies have never disclosed their full portfolio holdings to shareholders, as there is no legal requirement to do so. Only 65% of investment companies...
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