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The impact of portfolio holdings disclosure on fund returns

Author

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  • Gregory-Allen, Russell
  • Balli, Hatice Ozer
  • Thompson, Kathleen

Abstract

Portfolio holdings disclosure has been a controversial subject for many years. Disclosure requirements in the USA were relaxed in 1985 from quarterly to semi-annual, then in 2004 returned to quarterly. Today, some countries do not require holdings disclosure, while others are considering making it compulsory. New Zealand has made this change for KiwiSaver funds and Australia is giving it consideration. Furthermore, in the U.S., there are current discussions about whether hedge funds should be subject to more disclosure.

Suggested Citation

  • Gregory-Allen, Russell & Balli, Hatice Ozer & Thompson, Kathleen, 2019. "The impact of portfolio holdings disclosure on fund returns," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:pacfin:v:57:y:2019:i:c:s0927538x18302002
    DOI: 10.1016/j.pacfin.2019.101172
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    References listed on IDEAS

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    2. Chowdhury, Md Iftekhar Hasan & Balli, Faruk & de Bruin, Anne, 2024. "Investment styles of islamic equity funds," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 172-187.

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    More about this item

    Keywords

    Disclosure; Voluntary disclosure; Mandatory disclosure; Portfolio disclosure; Portfolio holdings; Fund performance; Fund flows; Front-running; Agency cost; Australia; New Zealand;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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