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IAI Review.org » Alternative Investments, Hedge Funds » BNP Paribas creates KID packs

BNP Paribas creates KID packs

BNP Paribas Securities Services is providing clients with reporting packs designed to help comply with the Ucits IV key information document (KID) requirements. The packs will help managers collect the mandatory data required as well as produce and distribute the KID. BNP Paribas’s packs will include performance and market risk indicators for both simple and complex funds.

BNP Paribas will provide quantitative aspects including performance, charges and risk, while the asset manager handles qualitative aspects by contributing to the production of the KID through online interactive tools. From the implementation of Ucits IV in July 2011, every Ucits fund must provide a two-page KID to investors, written in a non-technical style.

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