Financial Express launches new platform, Kii Hub

Financial Express has teamed up with Technical Fund Marketing and Global Funds Registration to launch a new platform for the distribution of the documents which will replace fund prospectuses next year.

Key Investor Information documents (KIIs), which are essentially simplified factsheets with no technical language and standardised charge disclosures, are designed to help advisers and investors understand what they are looking at before choosing a fund. They replace complicated fund prospectus documents which can in some cases run to many pages - most of which are filled with legal jargon.

The new platform, Kii Hub, can either work alongside a company's in-house team or provide a complete out-sourced solution from drafting to translation and delivery.

The web-based hosting service is fully automated, and can speed up production turn-around. Kii Hub will use Financial Express' fund information and document production system, Technical Fund Marketing's expertise in drafting technical and marketing documents and Global Funds Registration's cross border services.

Michael Holland, Financial Express' managing director said: "We have already received commitment to Kii Hub from investment groups who were considering the best way to approach the requirements of Key Investor Information documents."

He added: "Financial Express is a trusted partner in the production of accurate fund literature and currently provides over 60,000 factsheets each month for a broad range of asset managers."

Mikkel Bates is marketing director for Kii Hub. He says investment groups are welcoming the move to a clearer, more concise successor to the often complex prospectuses, but that the introduction of KIIs could be overwhelming.

"Groups realise that the production of compliant documents, possibly in several languages, for all of their retail share classes will be a daunting task, to say the least. Kii Hub is an efficient, cost-effective means of outsourcing this burden to tried-and-tested experts, freeing up their time to concentrate on fund management and marketing," he said.