FundAssist has partnered with Citi to provide Key Investor Information Document (KIID) services to Citis UCITS clients.
The company will partner with Citi in delivering a comprehensive KIID solution to assist its UCITS clients with all aspects and challenges of KIID production including the collection of all mandatory data and narrative elements, production, ongoing monitoring, translation, dissemination and version management.
Jim OReilly, managing director of FundAssist commented: We are delighted that we are able to support Citi in their efforts to service their clients and that we continue to grow our relationship with them which stretches to over 10 years. We believe this new mandate derives directly from the high level of service we have provided to Citi over the years and that this new engagementwill provide us with the opportunity to continue to deliver a quality service into the future.
Our ability to convert complex investment objectives into plain language, our ability to calculate the SRRI, on-going charges and past performance together with our portfolio monitoring capabilities to ensure that the risk profile of the fund has not changed, allows us to offer a complete KIID preparation, production and monitoring service, commented Andrew Johnston, senior manager, FundAssist.
KIID replaced the UCITS simplified prospectus in July 2011 and is currently undergoing a grandfathering period until July 2012.
(JDC)