Global fund research firm Morningstar last week published the results of a study that measures the “investor-friendliness” of the mutual funds industry in 16 countries worldwide.
Singapore was given an overall ranking of “C” from a possible grade of A to D.
Some of the factors that were evaluated included transparency of the fees and reports in the prospectus and fund reports, sales practices and tax benefits.
Singapore scored “C” in all areas except for taxation, where it scored an “A”. New Zealand scored the worst with “D-“. Their fund reports do not even disclose the portfolio holdings!
Here’s the rest of the rankings: