State Street Corporation (NYSE: STT) one of the worlds leading providers of financial services to institutional investors, announced today that it has extended its relationship with AXA Investment Managers (AXA IM) to provide end-to-end production and servicing for the Key Investor Information Document (KIID), a mandatory requirement of the new UCITS IV directive. Under UCITS IV, asset managers will be obliged to replace their current simplified prospectus or factsheet with a KIID for each individual UCITS product sold within the European Union. Drawing on its expertise in servicing UCITS funds, State Street is working closely with regulators and clients to provide solutions that help clients optimise their operations in the wake of UCITS IV and continuing regulatory changes....
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