- 3 min
CACEIS produces the KIID for COMGEST's French and Luxembourg fund ranges
Since July 2011, CACEIS has handled KIID production for the French and Luxembourg funds of COMGEST, the international fund management company, for which CACEIS acts as depositary.
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." COMGEST has also selected a turnkey solution in which CACEIS handles the complete production of the KIID, including management and calculation of data (fee schedule, past performance, SRRI indicator), translation updates and dissemination of the document. This decision is the result of a long and close partnership between COMGEST and CACEIS, the exclusive depositary bank for its French funds. 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 its Luxembourg funds.
On 1 July 2011, the Key Information Document (KIID) replaced the UCITS simplified prospectus. CACEIS launched a new offer for management companies to assist them in implementing the regulation.
CACEIS's service is designed to suit clients that wish to draw up their own KIIDs as well as those seeking to outsource the entire document creation and monitoring process. The service is offered in different modules ranging from raw or processed data provision (charges, performance and risk/return indicators) to a fully-outsourced solution. CACEIS offers great flexibility regarding the differing needs of clients in terms of creating, publishing, distributing and updating the documents.
CACEIS's standard KIID model, presented to the French regulator in the framework of approval applications on behalf of its many clients gives it real expertise in this area.
The KIID service forms part of CACEIS's wide-ranging Cross-Border Fund Distribution Support service