News

Fund managers need to improve disclosure: Morningstar

Wednesday 20th of May 2009

New Zealand rated a D-, the worst out of 16 developed nations across North America, Europe and Asia for investor-friendly practices. Portfolio holdings disclosure is in dire need of improvement, according to the report, with New Zealand and Australia the only countries surveyed that don't require it.

The Securities Commission was deemed to be lacking resources and was ineffective in "ach...

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