According to the company, KIIDs form part of the new UCITS IV regulations, which came into effect in July 2011, with an implementation deadline of 1 July 2012 and they represent a simpler, shorter and standardised document replacing the Simplified Prospectus.
KIIDs aim to enable investors to compare available UCITS funds and make an informed decision about how investors wish to invest, said the company.
Northern Trust managing director of asset management of EMEA region John Krieg said they support any move that makes the process of investing in funds more transparent and that promotes a level playing field for investors to compare available UCITS funds in which they choose to invest.
"We are pleased to have successfully completed our transition to providing KIIDs to our investors well ahead of the industry deadline," added Krieg.
