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Rating:Fido Backs ICI on Portfolio Disclosure Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, February 26, 2003

Fido Backs ICI on Portfolio Disclosure

by: InvestmentWires Staff, 

The Boston Herald reports that Fidelity Investments is supporting an increase in the frequency of portfolio disclosure requirements for fund firms.

The paper characterizes the support as a reversal of a previous stance against a proposal now being considered by the SEC. Fidelity told the paper, though, that it had no stance on the issue before now.

Fidelity supports requirements as outlined recently by the ICI. The rules that the ICI would support call for a more limited disclosure of portfolio holdings that what is sought by fund shareholder advocates.  

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