Industry players have started to implement the Federal Government's new transparency and disclosure requirements, with Cbus and Vanguard both signaling a change of approach in their reporting.
Vanguard announced it would publish quarterly portfolio holdings for all of its funds in October.
Vanguard chief investment officer Joseph Brennan said the new transparency measures were aligned with the company's investment philosophy and could deepen investors understanding of Vanguard's diversification.
Vanguard's head of market strategy and communications Robin Bowerman noted that the issue was high on the agenda of Future of Financial Advice (FOFA) and Stronger Super legislation.
"We believe disclosure of both fees and fund holdings can play a large part in restoring investors' faith, post the Global Financial Crisis, in the investment industry as a whole," he said.
Cbus' annual report was expanded by 20 pages this year and included additional information about the fund's operations and activities.
"Releasing the Cbus 2011/12 Annual Report gives the community a chance to examine our applied governance and measure our performance against the (stated) values of the fund," said Cbus chief executive David Atkin.
In 2011, a Morningstar Global Investors report showed Australia and New Zealand as the only two countries of 22 MCSI constituents that did not disclose fund holdings.
