The KID is a document that contains the essential information to understand the nature and risks of any investment funds (or UCITS - Undertakings for Collective Investments in Transferable Securities) you may wish to invest in.
Some of its key components are:
- financial data,
- a risk/reward indicator
- past performance bar charts
The idea behind the KID is to provide you with easily understandable fund disclosures.
According to the international rules and regulations governing the UCITS such a KID must be prepared by the relevant UCITS and provided to you.