India is the world's best market for portfolio disclosure, finds study

India and the U.S. are the two most investor-friendly markets in the world in terms of best practice for portfolio disclosure, while Australia ranks at the bottom, according to a global study by Morningstar Inc.

The two countries earned top grades for their robust disclosure regimes across six categories including fees, transparency of fund holdings and issues such as conflicts of interest. The report covering 26 markets across North America, Europe, Asia and Africa singled out Australia as a notable laggard.

“The U.S. has consistently led the pack in this area, while India has gradually added global best practices to its disclosure