Are investment trusts too opaque?
ITs
Kyle Caldwell
Last week Morningstar launched a scathing attack on the investment trust industry, accusing it of being too opaque because only 65% of companies provide full holdings data on a regular basis.
The data provider alleged that company boards are overly secretive, and warned closed-ended vehicles will remain largely in the shadow of their open-ended counterparts until transparency improves. Morningstar...
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