Another Morningstar Global Fund Investor Experience
Report, another clip around the ear for New Zealand. In the
first two reports – 2009 and 2011 – we came dead last
with a rating of D-. This year we scored a C- which is an
improvement but still puts us second to bottom.
However we would expect the 2015 survey to show a sharp rise in
the ratings to reflect the coming into effect of the new KiwiSaver
disclosure rules and Financial Markets Conduct Bill.
The Morningstar method
Morningstar seeks to measure how investor-friendly managed fund
markets are in different jurisdictions based on criteria such as
investor protection, transparency, fees, taxation and investment
distribution. It sets a helpful scorecard for our legislative
framework (but marks us harshly in some areas).
