Morningstar ranks top 25 countries for mutual fund experience

NetherlandsMutual fund investors in the Netherlands have the best experience in Europe according to a country ranking by Morningstar experts. Morningstar rated investor experience based on regulation, taxation, disclosure, fees, expenses, and sales and media. However, the Netherlands does not top the entire list, which extends beyond Europe. Korea and the US come joint first for investors' experiences there. The analysis was based on information from publicly available sources, Morningstar data, and Morningstar experts located around the world. Here is the complete list of grades: Korea: A
United States: A
The Netherlands: A-
Taiwan: A-
United Kingdom: B+
Sweden: B
Australia: B-
Denmark: B-
Finland: B-
Norway: B-
Switzerland: B-
Canada: C+
Germany: C+
India: C+
New Zealand: C+
Thailand: C+
Belgium: C
France: C
Hong Kong: C
Singapore: C
South Africa: C
Spain: C
Italy: C-
Japan: C- The US achieves the highest score for the fourth year running as it boasts relatively low expenses and strong disclosure, while its sales and media category grade is average. Korea also received an A this year because of its improved sales practices, up from a B+ in 2013. Changing regulation helped the Netherlands move up to top place in Europe, after a ban on commission fees. In 22 of the 25 countries evaluated, banks and insurance companies are named as one of the dominant fund sales channels. The next most common channel, cited in seven countries, are independent advisers. “Every market we examined has areas for improvement, and we hope our research about the experience of fund investors worldwide will help serve as a catalyst for positive change,” says Christopher Traulsen, Morningstar’s director of manager research, Europe, Middle East and Africa. ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.