ING Investment Management (ING IM) has selected KNEIP, a leading service provider to the fund management industry, as their partner for the production of the Key Investor Information Document (KIID) for each of its funds, in line with a new European directive.
We have trusted KNEIP with our fund listings and corporate actions, our annual and semi-annual reports, and translations for several years, says Maaike van Meer, head of legal & compliance at ING Investment Management. We have full trust that they have the processes, technology and people to successfully handle KIID production as well.
ING IMs product assortment in Europe includes more than 240 funds, representing more than 870 share classes. Under the European Union UCITS IV directive that comes into effect in July, KIIDs must be created to represent each of these share classes.
KNEIP, a leader in fund data and reporting solutions for over 17 years, will manage the data collection, document layout, translation, production and dissemination of ING IMs KIIDs. The recent acquisition of Belgium-based Co-Link has further enabled KNEIP to integrate its new Co-React software into their KIID solution.
KNEIP already provides listings, corporate actions, Masterfile with FPP, and fund reporting services to ING Investment Management.
We are looking forward to developing and further strengthening our relationship with ING Investment Management, says Bob Kneip, CEO of KNEIP. Our main objective is to develop a structure centred around efficient delivery to ING Investment Management, as we take on the responsibility of providing timely and accurate information to their end investors.