Regulatory Alerts2020-07-27
Added
Good Disclosure Practices for Actively Managed Funds
The Monetary Authority of Singapore issued this circular to establish recommended disclosure practices for actively managed funds following a thematic review of 19 fund management companies. It requires firms to clearly articulate their active management style, the specific purpose of reference benchmarks, and the degree of active management through metrics like active share and tracking error. These enhancements aim to ensure retail investors can accurately assess whether higher management fees are justified by the potential for alpha generation.
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