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FYI
Mar 7, 2018 21:42:54 GMT 7
Post by rgs2001uk on Mar 7, 2018 21:42:54 GMT 7
I know CM is a fan of this sort of stuff. Rxd from stockbroker this morning. "Dear XXXXXX Further to our earlier email correspondence, I am required to provide you with a Key Information Document for the Worldwide Healthcare Trust. I appreciate that you already have a holding, but as of January 2018, we are required to provide you with this document for any new investment trust purchases. It is for your information – no action is required." As mentioned before, I bought Blackrock and Fundsmith, I also offloaded Smith & Nephew and reinvested the proceeds into already held WorldWide Healthcare Trust. Have written back and asked my stockbroker, does this come from your own inhouse advisory team or is it sourced externally? Hopefully tomorrow will have an answer.
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Post by rgs2001uk on Mar 7, 2018 22:46:35 GMT 7
, that was quick, Dear XXXXX Key Information Documents have become a requirement for all investment trusts from January this year, as a result of EU legislation, MiFID II (Markets in Financial Instruments Directive). Each investment trust has to produce their own KID, so Worldwide Healthcare is the source of this one. A number of trusts are unhappy with having to produce these documents, but rules are rules! Kind regards , where are the box tickers, each IT has to produce its own, unbelievable. Will Euro Zone Lala land be appointing jobsworths to oversee the KIDs produced? What benchmarks are being used? Just for the record, I would in NO WAY recommend this IT to the novice investor.
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FYI
Mar 7, 2018 23:15:26 GMT 7
Post by rgs2001uk on Mar 7, 2018 23:15:26 GMT 7
Abc
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