J.P. Morgan delivers KIIDs across entire fund range
J.P. Morgan Asset Management has gone live with Key Investor Information Documents (KIIDs) for its Luxembourg domiciled Ucits funds. They have been available from April 16.
KIIDs, pre-contractual documents that must be provided to investors before they make their subscription into a Ucits fund, will replace existing simplified prospectuses from July.
J.P. Morgan is believed to be one of the first global asset managers to fully implement KIIDs.
Schroders is following suit, and last week announced that it would be launching KIIDs for its entire find range in mid-May, six weeks before the deadline set by the European Union for products regulated in the region.
Jon Griffin, head of fund services for Europe at J.P. Morgan Asset Management said: “Bringing in the KIID has been a huge and complex undertaking so it is with great satisfaction we are able to deliver this new investor document well ahead of the July deadline.”
J.P Morgan has produced 18,000 documents for 193 funds which include approximately 1,400 active share classes in up to 14 different languages.