Dilution levies are more important to fund investors than disclosure

As the IMA starts discussing a policy of standard disclosure on fund holdings with its members, it i...

As the IMA starts discussing a policy of standard disclosure on fund holdings with its members, it is in danger of wasting time on a subject of little importance. The UK fund management industry was cleared of serial involvement in any market timing issues. So if market timing is not the reason for introducing standardised policies on fund disclosures, what is? There is no doubt that the general tone of US legislation for its mutual funds is quite punitive. This is an attempt to improve the image of an industry tainted with corruption - admittedly among a limited but very important colle...