KIID Services: FundAssist Selected by Russell Investments for KIID Support
DUBLIN, LONDON and LUXEMBOURG, December 8, 2011 /PRNewswire/ --
- KIID preparation gains momentum in advance of UCITS IV deadline
FundAssist announced today that it has been chosen to partner with Russell Investments, a global leader in investment management, to provide KIID (Key Investor Information Document) preparation, production, translation, dissemination and monitoring services.
Jim O'Reilly, Managing Director of FundAssist commented: "The provision of a complete KIID solution to Russell Investments derives directly from the high level of service we have provided to them over the years. This new engagement is an important extension of our service provision to them and reflects a growing momentum in the funds industry to prepare in advance of the UCITS IV KIID deadline."
The introduction of KIID on 1st July 2011, as part of the UCITS IV legislation, which provides investors with an overview of the key features of UCITS investment products, presents a unique challenge to the investment management community and third party administrators alike. The requirement to provide class level information to investors in their own language across Europe, on an annual and event driven basis prior to any subscriptions to the fund, creates the need for both robust production tools and a high degree of production quality.
"As a KIID provider, we have realised the benefits of providing a full service solution to asset managers. Our modular multi-service solution seems to have made a significant impact on the industry," commented Andrew Johnston, Senior Manager, FundAssist. "The FundAssist approach has a number of key benefits including the capability to prepare plain language text, the know-how to calculate SRRI, on-going charges and past performance, right through to translation, dissemination and a comprehensive and unique monitoring service."
Russell Investments is one of the world's leading investment services firms, providing investment management, advisory and diversified funds to clients in more than 35 countries with over €100 billion invested.
About FundAssist
With over 20 years serving financial institutions, FundAssist has focussed exclusively on the funds industry during the last decade. We serve clients around the world, from our offices in London, Luxembourg and Dublin.
We provide a full suite of services designed to meet the governance, reporting and distribution requirements of the international funds industry.
See: http://www.fundassist.com
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Kerri Crowley, Simpson Financial & Technology PR,
T: +353-1-260-5300; kerri@simpsonftpr.ie
SOURCE FundAssist
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