These Are the Best and Worst Places for Investor Fund Disclosure
- U.S., India have top portfolio disclosure regimes: Morningstar
- Australia ranked last due to poor fund holding disclosure
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India and the U.S. are the two most investor-friendly markets in the world in terms of best practice for portfolio disclosure, while Australia ranks at the bottom, according to a global study by Morningstar Inc.
The two countries earned top grades for their robust disclosure regimes across six categories including fees, transparency of fund holdings and issues such as conflicts of interest. The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard.