The Key Investor Information Document (KIID) is a document that provides key information about investment funds, in order to help a potential investor compare different investment funds and assess which fund meets their specific needs.
KIIDs will outline a number of important information about a fund, including the fund’s:
- Investment objective
- Risk and reward profile
- Associated charges
- Historical performance
- Other information such as a fund manager’s authorisation status
All UK and EU funds authorised under Undertakings for Collective Investment in Transferable Securities Directive (UCITS) are obliged to produce KIIDs.