SuMi TRUST extends appointment of Kii Hub to produce KIIDs for UCITS funds
SMT Fund Services (Ireland) Limited has appointed Kii Hub to produce and deliver Key Investor Information Documents (KIIDs) for its established platform of UCITS funds.
This extends the relationship that already exists with SuMi TRUST Global Asset Services, as Kii Hub has been producing KIIDs for the funds managed by SuMi TRUST’s UK ACD company, SMT Fund Services (UK) Limited, since 2012.
SuMi TRUST will be using Kii Hub’s full bureau service, which includes drafting, production, hosting and translation of all their KIIDs.
Peter Ward, who manages SMT Fund Services (Ireland) Limited’s management company services, says: “While our UK ACD company has outsourced its KIIDs to Kii Hub from the beginning, we have been producing the documentation for our UCITS funds ourselves. Given the quality of the Kii Hub documentation and their complete KIID solution, we have decided to extend our outsourcing arrangements with Kii Hub with immediate effect.”
Martin Jones, head of operations at Kii Hub, says: “Every time groups issue another set of KIIDs themselves, we hear of more who decide to outsource this activity. It is testament to the quality of Kii Hub’s service that SuMi TRUST's ACD recommended us to their Irish counterparts for their KIIDs and both companies have chosen our full bureau service.”
Kii Hub produces and distributes KIIDs for around 40 fund groups, including Aberdeen Asset Management, Jupiter, Ignis Asset Management, Martin Currie Investment Management, Baillie Gifford and Neptune Investment Management.
Fund management groups have issued KIIDs for all UCITS funds promoted in any EU country since July 2012. Separate documents, written in the language of each host country, must be available for every share class.
Kii Hub was established in October 2010 to combine FE’s proprietary fund information and document production system, Technical Fund Marketing’s expertise in regulatory guidance and drafting of technical and marketing documents and Global Fund Registration’s cross border services.
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