AXA Investment Managers (AXA IM) will be the first to use State Street’s solution for the Key Investor Information Document (KIID) under Ucits IV, Fundamentals reports. The firm will offer AXA IM with end-to-end production and servicing for the KIID document.
All asset managers will be required to use the solution instead of their current factsheets when selling Ucits products in the European Union. The solution has functions, including data provision and synthetic risk and return indicator as well as provisions of past performance, document collation/management and translation.
Click here for the story from Fundamentals.