IFIC Releases Updated Fund Volatility Risk Classification Guidelines
Toronto, ON – June 28, 2016 – The Investment Funds Institute of Canada (IFIC) today released its updated Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification.
These guidelines were developed in 2003 by a group of IFIC members – the Fund Risk Classification Task Force – to provide mutual fund managers with a consistent approach to the measurement and description of fund volatility risk. The guidelines have been updated annually.
Current regulatory disclosure rules require fund managers to publish the risk rating of each individual fund; however, the regulations do not define risk. IFIC has been releasing the guidelines publicly since 2014 in order to ensure that all stakeholders have ready access to the methodology most commonly used by the industry.
The French version of the 2016 guidelines will be released shortly.
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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