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The Voice of Canada’s Investment Funds Industry

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Pira Kumarasamy
Senior Manager, Communications and Public Affairs

News Release

IFIC Releases Updated Fund Volatility Risk Classification Guidelines

Toronto, ON – August 29, 2014 – The Investment Funds Institute of Canada (IFIC) today released the 2014 annual update to its “Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification” (the Guidelines).

The Guidelines were developed voluntarily by a working group of IFIC members – the Fund Risk Classification Task Force – 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. The CSA is actively consulting on whether there is a need for a mandated approach and potential models. IFIC is making the Guidelines publicly available in order to facilitate fact-based discussions on any proposed new models and their potential impact by ensuring all stakeholders have ready direct access to the methodology most commonly used by the industry.

The Guidelines are available on the IFIC website here in English. The French version 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