Exchange Traded Funds – Key Investor Information Documents
Exchange Traded Funds ("ETFs") are open ended investment vehicles that are designed to trade like an individual security on a trading venue. Most ETFs are index funds replicating an equity or bond index and are designated as UCITS ETFs, which means that they can be marketed freely within the EU.
Under the European directive 2009/65 EC, from 1 July 2012 ETF sponsors are required to issue Key Investor Information Documents ("KIIDs") for all UCITS ETFs.
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