A new report from Citigroup indicates that as investors in emerging markets funds and stocks increase their holdings, they are seeking better disclosure and transparency, The Wall Street Journal reports.

Over the past five years, investors have quadrupled their holdings in emerging markets securities. Examining shareholders of 1,500 companies in 31 emerging markets, with a market capitalization of more than $300 million, Citigroup found that in 2006, foreign investors held a median of 20% of the shares available, up from 5% in 2001.

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