Investors rank disclosure, ethics over returns

Retail and institutional investors worldwide regard transparency around fees and costs, along with data security, as more important attributes in advisers than investment performance, finds a new study. However, the feeling is that advisers and managers are not getting these basics right. Indeed, barely half of retail investors and only one in four institutions would recommend an investment firm they work with to others. “If I was a fund manager in Asia I would be concerned,” sa…