An apparent loophole in KIID documentation – a lack of turnover rate data – has been plugged by research from Fitz Partners, which has used a US Securities and Exchange Commission method to calculate costs to investors.
Mario Mantrisi, chief Strategy and Research officer at KNEIP, says that there are lessons learned implementing the Key Investor Information Documents (KIIDs) that should help with the next steps in documentation production facing the industry.
Kii Hub’s director Nick Cumming says the industry is still struggling to provide uniform Key Investor Information Documents, but that ultimately investors will benefit.
Scotland based Electrum has launched a web based system for producing and updating synthetic risk reward indicator (SRRI) values, as required by key investor information documents (KIIDs) under Ucits rules from July 2012 on.
In its continuing series of podcasts, the Association of the Luxembourg Fund Industry talks to Noel Fessey from Schroders in Luxembourg and chairman of the ALFI KIID working group about the “Key Investor Information Document” and how investors should read it.
FE, the fund data provider, has opened a library for Key Investor Information Documents (KIIDs) for UK domiciled Ucits funds, head of the 1 July deadline for implementing the regime that replaces simplified prospectuses.
If 2011 was a year of implementing new regulations, 2012 is much more a year of responding to investor needs for better and more transparent information about products and providers, according to Pia Nilsson, chief executive of Fondbolagens förening (FF).
Thomas Eriksson, chairman and Pia Nilsson, CEO Of the Swedish Investment Fund Association have rejected a suggestion from Henrik von Sydow, chairman of the Swedish Parliament’s Committee on Taxation, for investment funds to bill investors rather than apply management fees.
UK manager Baillie Gifford has selected Kii Hub to produce Key Investor Information documents for its Ucits funds.
European asset management firms are falling short in their completion of KIIDs, the Key Investor Information Document which must be adopted across the region by 2012.
Luxembourg asset manager Duemme International Luxembourg has selected BNP Paribas Securities Services to produce its Key Investor Information Document (KIID), a legal Ucits IV requirement since July 1 2011.
As the Ucits IV Directive comes into force in July, product providers must be careful how fund information is offered to private investors, according to Rudolf Siebel and Michael Pirl of the German Fund Association