Prospectus and Key Investor Information
Contents
Key Points
- Both are published on KAP.
- Even when two funds have similar names, differences in strategy, fees and settlement in their prospectuses can change return and risk markedly.
- the documents are long and technical; do not skip the sections on fees, settlement and strategy.
How It Works
the prospectus covers the investment strategy and asset limits, benchmark, risk value, trading rules and settlement, management fee and other expenses, maximum total expense ratio and tax information. The investor information form summarises these points and shows past performance.
Interpretation
Even when two funds have similar names, differences in strategy, fees and settlement in their prospectuses can change return and risk markedly. Prospectus changes require CMB approval and are announced on KAP.
Pitfalls
the documents are long and technical; do not skip the sections on fees, settlement and strategy. CMB approval of a prospectus does not mean the fund will make money or is risk-free.
Official Sources
Official regulation and sources the definition is based on.
Pages Where This Term Appears
Related Terms
Frequently Asked Questions
What is Prospectus and key investor information?
A prospectus is a public document containing all the information investors need to make an informed decision about a fund or issue, its rights and its risks; the key investor information form is a short summary of the fund’s structure, strategy and risks.
How does Prospectus and key investor information work?
the prospectus covers the investment strategy and asset limits, benchmark, risk value, trading rules and settlement, management fee and other expenses, maximum total expense ratio and tax information. The investor information form summarises these points and shows past performance.
Prepared by: Yatırımcı.AI Research TeamLast reviewed: Method: MethodologyEditorial policy