The Association of Investment Companies (AIC) has called on its members to consider releasing full portfolio holdings after the retail distribution review (RDR) in the
UK kicks in at the end of the year.
In a guide, entitled Disclosure of portfolio holdings post-RDR, the AIC outlines the pros and cons of disclosure, as well as suggestions about how frequently and quickly to release information.
“Though there is a stronger case for investment companies to disclose full portfolio holdings than ever before, this issue is more complex for investment companies due, for example, to the much wider range of assets investment companies invest in than open-ended funds,” says Ian Sayers, director general at the trade body.
“This includes illiquid asset classes which by their nature are valued less frequently than listed securities and raise different commercial considerations.”
©2012 funds europe