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Northern Trust introduces KIIDs across suite of UCITS funds to meet new disclosure requirements


Northern Trust has become one of the first asset managers to transition to using new Key Investor Information Documents (KIIDs) for UCITS funds sold around the world, more than eight months ahead of the deadline set out in the UCITS IV Directive.

KIIDs form part of the new UCITS IV regulations, which came into effect in July 2011, with an implementation deadline for the KIIDs of 1 July 2012. They represent a simpler, shorter and more standardised document replacing the Simplified Prospectus.

“We support any move that makes the process of investing in funds more transparent and that promotes a level playing field for investors to compare available UCITS funds in which they choose to invest,” says John Krieg, managing director, asset management, Northern Trust, EMEA region. “We are pleased to have successfully completed our transition to providing KIIDs to our investors well ahead of the industry deadline.”

KIIDs aim to enable investors to compare available UCITS funds and make an informed decision about how investors wish to invest. The KIIDs contain a plain language summary of:

Objective and investment policy
Risk and Reward profile of the share class
Entry, exit and ongoing charges
Performance of the fund and benchmark.

Northern Trust’s UCITS fund range, domiciled in Ireland, offers investors a range of equity index funds in mature and emerging markets, fixed income index and triple-A rated money market funds.


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