Vanguard to publish quarterly portfolio holdings
Funds manager Vanguard Investments has announced that it intends publishing quarterly portfolio holdings for all its funds from this month onwards.
The company flagged the move last week, claiming it represented a first for the funds management industry.
Under the arrangement, investors will be able to access details of the portfolios of the full range of Vanguard investment funds via the company's web site, www.vanguard.com.au from 11 October 2012.
Commenting on the move, Vanguard's head of market strategy and communications Robin Bowerman said it was designed to improve transparency for investors and ensure they had the information necessary to make informed decisions.
"Better disclosure is high on the agenda of the Stronger Super and FOFA reforms for good reason," he said.
"We believe disclosure of both fees and fund holdings can play a large part in restoring investors' faith, post the Global Financial Crisis, in the investment industry as a whole."
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