J.P. Morgan Asset Management has announced it has gone live with Key Investor Information Documents (‘KIID') for its Luxembourg domiciled UCITS funds. Available from 16th April, the Company is believed to be one of the first global asset managers to fully implement KIID ahead of the 1 July 2012 deadline.
The KIID has been introduced as part of the EU Directive 2009/65/EC, referred to as ‘UCITS IV' and will replace existing simplified prospectuses from 1 July 2012*.
In order to comply with the regulation 18,000 documents have been produced for 193 funds which includes approximately 1,400 active share classes in up to 14 different languages. Investors and advisers can download the documents from J.P. Morgan Asset Management's European websites. In addition to the documents being online, J.P. Morgan Asset Management is proactively providing distributors and clients across Europe with the KIID.
Jon Griffin, head of fund services for Europe at J.P. Morgan Asset Management said, "Bringing in the KIID has been a huge and complex undertaking so it is with great satisfaction we are able to deliver this new investor document well ahead of the July deadline."
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