The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.
The AIC is set to release a paper on the issue, outlining the benefits of full portfolio holdings transparency, at a time when investment trusts are being more closely compared with open-ended counterparts. A total of 65% of investment trusts (excluding non-VCTs) already fully disclose their portfolio holdings, but the remainder could be at disadvantage in comparison to more transparent open-ended offerings, the paper will argue. Ian Sayers (pictured), director general of the AIC, said: "The paper will explain why transparency will be useful for financial advisers looking at investmen...
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