Investment - Articles - Comparing funds just got easier

 The Investment Management Association (IMA) has produced a guide explaining the new Key Investor Information Document (KIID) which every UK authorised UCITS fund must have by July next year.
 The KIID replaces the simplified prospectus. It is a two page breakdown of a fund's objectives and investment policy, its charges, risk profile and performance. The KIID is designed to be a comparative tool to help investors in the initial stages of selecting a fund.

 Victoria Nye, IMA Director of Education and Training said:

 "KIIDs are clear, concise and without spin; they are intended to be a simple way for investors to compare the various funds available. Our guide will prepare investors by providing a clear explanation of what KIIDs include. It also acts as a crucial reminder that KIIDs provide only some of the information investors need when making fund choices."
  

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