fund charges

Investors being misled by ‘Key Information Documents’, says AIC

When it comes to indicating the level of risk inherent in an investment trust and its ‘sister’ open-ended fund, the Key Information Documents (KIDs) introduced at the start of the year are tending to mislead investors.

The Association of Investment Companies (AIC) looked at 56 investment trust KIDs and then compared their Summary Risk Indicators to the equivalent indicators in the Key Investor Information Documents (KIIDs) produced by their sister funds.