EU prepares standardised prospectus

Professional Adviser
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Fund managers will be forced to present past performance on a discrete annual basis and fees in a to...

Fund managers will be forced to present past performance on a discrete annual basis and fees in a total expense ratio format under a European-wide key features prospectus. FEFSI, the federation of European fund management trade associations, is close to completing a standardised prospectus for mutual funds which, once adopted, will replace key features documents. The new prospectus is designed to comply with the Ucits 2 directive passed by the European Commission, which includes the ability for cross-border sales of funds as well as creating a standard for fund information. The Commissi...

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