What is the Key Investor Information Document (KIID)?

The Key Investor Information Document (KIID) will be a two sided information sheet that will give you all the key facts and figures about a fund.  It will have a standard layout with sections describing what the fund does, the investment risk, charges and performance.  The regulations mean that all funds have to use the same layout, making it easier to compare funds from different providers.

The KIID will replace the Simplified Prospectus by July 2012. One important change is that it will become mandatory for every investor to receive a KIID before they can invest.  Therefore once launched you may be asked to confirm that you have received a KIID before you can invest or switch into a new fund.

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Important information

The value of your investments and the income from them can go down and up, and you may not get back as much as you paid in. Tax benefits and liabilities depend on individual circumstances and may change in the future.

Past performance is not a guide to the future.

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