Fund prospectus study reveals wide range in quality

Most UCITS fund prospectuses remain sub-optimal as tools, with even seasoned professionals often finding them difficult to understand, says a recent report by More Carrot, a company specialising in document optimisation and outsourcing for asset managers.

Of the 44 prospectuses evaluated, only six were in the top quartile for usability. The top three prospectuses were Nordea 1, T Rowe Price Funds and M&G (Lux) Investment Funds 1, SICAVs, all of which gained a usability score of around 90 per cent.

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