Investors can access all the information they need about their investments from management reports of investment funds. They provide investment objectives cost, holding information, costs and performance, and numerous other aspects. Detail reporting is essential to keep existing clients happy and to attract new ones.
Many investment managers, family offices and trustees rely on a variety of methods to manage their portfolios and report on them. Some utilize Excel spreadsheets to keep track of their accounts, while others use dedicated software. It’s crucial to have the right technology to ensure the right information is provided in the appropriate time.
Ideally, directors of investment funds should be provided with data and information which will enable them to evaluate the value of the fees and expenses of the fund as well as those related to the selection and management of portfolio securities. The directors who are independent of the fund should also be able to examine documents prepared by experts outside for evaluating the quality of services contracts and fees.
To meet these more expansive requirements, the Commission should consider whether it is appropriate for certain fee-related information that are in dollar amounts and included in account statements for fund accounts. Shareholders could then be able to compare their fees with other funds, and have their own information.