Portfolio holdings disclosure a ‘moral hazard’ – InvestorDaily

Speaking at the SunGard Financial Industry Forum in Sydney yesterday, Mr Braga said a big “data dump” of a super fund’s entire portfolio holdings would not work in practice.

“It works theoretically, because at least it’s only going to your regulatory supervisor who can then peel it back together and put it back into some semblance of reality,” Mr Braga said.

But providing thousands of lines of portfolio holdings data directly to the average superannuation investor would only cause confusion, he said.

To illustrate the problem, Mr Braga highlighted the trivial example of “Greece blowing up”.

via Portfolio holdings disclosure a ‘moral hazard’ – InvestorDaily.

 

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