Everything you need to know about key investor information documents (KIIDs), explained by Andy Maysey, senior adviser - retail distribution at the IMA.
By July next year it will be easier for investors to compare funds, as all UK authorised UCITS funds must produce a Key Investor Information Document (KIID). This two-page document is intended to provide a consistent comparative tool for investors in the early stages of selecting a fund and must be supplied to an investor before they invest. Any initiative that helps to better inform investors must be a good thing. The KIID will replace the simplified prospectus as the first port of call for investors selecting funds. It includes fundamental information about the fund in plain, jargon-fr...
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