7 Jun 2013

Managed funds get below average rating

9:05 am on 7 June 2013

Morningstar has given New Zealand's managed funds a below average rating on its Global Fund Investor Experience Report.

The report evaluated countries on four measures: regulation and taxation, disclosure, fees and expenses, and sales and media.

It's rated New Zealand at C- which is an improvement as a result of ongoing changes in regulation and disclosure.

However, it says the country lags behind most of the world with low levels of disclosure.