The Austrian Financial Market Authority (FMA) has launched its Fonds-Lupe tool – an interactive information and transparency tool for Austrian retail funds. The tool covers costs, risk classifications, performance scenarios and ESG characteristics, and makes the information in a bundled, standardised and searchable manner.
The Fonds-Lupe takes it information from the legally prescribed key information documents (PRIIPs-KIDs), which fund managers are required to draw up for their products. These documents are publicly available individually – the Fonds-Lupe bundles the data for all Austrian retail funds and presents it in a uniform manner. It supplements the FMA’s Zertifikate-Lupe, which has already been available for over two years.
“Transparency helps to sort and compare financial products, to allow people to use the capital market in an informed manner,” remark the FMA’s Executive Directors, Mariana Kühnel and Helmut Ettl. “Our Fonds-Lupe bundles the key information for all Austrian retail funds, and presents it in a standardised and searchable manner. Our independent tool strengthens guidance for the market.”
The Fonds-Lupe has been designed as an information and comparison tool and supports users to obtain a systematic view of the Austrian market, and to compare products against one another based on selected criteria. The news edition of the FMA’s “Let’s talk about money” series for consumers introduces and explains how it works.
The information presented in the Fonds-Lupe is taken from the PRIIPs Key Information Documents (KIDs) produced by fund managers. PRIIPS are Packaged Retail and Insurance-based Investment Products. The KID (“Key Information Document”) is a standardised document for PRIIPs and briefly summarises the key features and risks and facilitates product comparison. The contents and calculations are provided by the management companies. The data is updated at least once a year.
The Fonds‑Lupe can be found at https://www.fma.gv.at/fma-fonds-lupe/. The current edition of “Let’s talk about money” can be found in English, along with all past editions on the website https://redenwiruebergeld.fma.gv.at/en. “Reden wir über Geld” is also active on Instagram: @redenwiruebergeld. The Zertifikate-Lupe which has been available since 2023 can be found at https://www.fma.gv.at/geldanlage/zertifikate-lupe/.
Journalists may address further enquiries to
Boris Gröndahl (FMA Media Spokesperson)
Telephone: +43/(1)249/59-6010
Mobile: +43 676 8824 9995
E-Mail: [email protected]