CACEIS is handling Key Investor Information Document (KIID) production for the French and Luxembourg funds of COMGEST, the international fund management company, for which CACEIS acts as depositary. The investor services provider has provided this service to Comgest since July 2011, when KIID replaced the UCITS simplified prospectus. CACEIS launched a new offer for management companies to assist them in implementing the regulation.
CACEIS’s service, part of the Cross-Border Fund Distribution Support service, is designed to support clients that wish to draw up their own KIIDs as well as those seeking to outsource the entire document creation and monitoring process. CACEIS has drawn up the funds’ KIIDs in all languages required for distribution.
According to Philippe Lebeau, head of Investor Relations at COMGEST, “the considerable amount of work involved in moving over to the KIID required the assistance of a specialist, able to provide a complete service.”
In addition to providing Comgest a turnkey solution for the KIID production CACEIS also provides fund valuation services, as well as the management of administrative and legal aspects. CACEIS is also the fund administrator and fund structuring support provider for Comgests Luxembourg funds.