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The Voice of Canada’s Investment Funds Industry

News Release

IFIC Releases Updated Fund Volatility Risk Classification Guidelines


Toronto, ON – July 17, 2015 – The Investment Funds Institute of Canada (IFIC) today released updated “Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification”.

These guidelines were developed by a working group of IFIC members beginning in 2003, to provide mutual fund managers with a consistent approach to the measurement and description of fund volatility risk. Since then, they have been updated annually.

Current regulatory disclosure requirements require fund managers to publish each individual fund’s risk; however, the regulations do not define risk. IFIC started making the guidelines publicly available in 2014 in order to ensure all stakeholders have ready direct access to the methodology most commonly used by the industry.

The French version of the guidelines will be released shortly.

About IFIC

The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s mutual funds industry and its investors for more than 50 years.

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For more information:

Sara Clodman
Senior Manager, Public Affairs
sclodman@ific.ca
416-309-2317