The number of members and premium members has grown steadily since fundinfo was established back in 2006. Today, our customers include more than 300 fund providers.
Since the introduction of the Key Investor Information Document (KIID) in Europe in mid 2012 and the introduction of the Key Facts Statement in Hong Kong and the Product Highlight Sheet in Singapore, the focus has shifted from document creation to document dissemination. Since then, some service providers have included this service (referred to as “KIID dissemination”) in their sales programme, bringing it to the attention of fund companies and distributors such as banks and fund platforms.
We are pleased to inform you that we went live with the database for Luxembourg on www.fundinfo.com on 6 August 2012. As a result, users of our platform can now access the fund documents, data, ratings and videos for funds registered for sale in Luxembourg.
Vast number of Key Investor Information Documents to be processed
The deadline for supplying Key Investor Information Documents (KIIDs) is 1.7.2012, by which date the new documents must be available* for all funds sold in Europe. Given that KIIDs are produced for each ISIN and country individually, fundinfo is currently receiving an avalanche of documents that need checking and uploading in the shortest possible time frame.
While the average number of fund documents processed daily up until the end of 2011 was 4,000, the figure has rocketed to more than 60,000 documents per day in recent weeks: Many fund providers have decided to take full advantage of the one-year transition period and prepare and supply the new documents just a few weeks—or, in some cases, days—before the deadline.
The launch event for fundinfo in Spain took place in Madrid on 7 June 2012 and was attended by 100 participants from the Spanish fund industry. Organised in collaboration with our partner Kessler & Casadevall AF, the event was our official presentation to the Spanish fund community and was a great success. The universe of funds registered in Spain has been online on www.fundinfo.com now since May 2012.
The Institute of Financial Planners of Hong Kong (IFPHK) signed an agreement with fundinfo in Asia in May 2012.
fundinfo and Finesti work closely together to improve the quality of service and convenience offered to their joint clients, whereby fundinfo deals primarily with dissemination of fund documents to distributors, and Finesti primarily with notification to financial market authorities.
fundinfo (Germany) GmbH was founded on 1 March 2012, with its head office in Frankfurt am Main, marking yet another important milestone in the young history of fundinfo.
Finesti and fundinfo have announced that they are combining their respective expertise in investment fund data and documents to offer services intended to facilitate cross-border notifications and the dissemination of Key Investor Information Documents (KIIDs).