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To submit a news release, use this form. ![]() IFIC Releases Updated Fund Volatility Risk Classification GuidelinesJune 28, 2016Toronto, 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, (https://www.ific.ca/wp-content/uploads/2016/06/IFIC-Fund-Risk-Classification-Guidelines-June-2016-data-updated-to-Dec.-31-2015.pdf/14496/).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 requirements require fund managers to publish each individual funds risk; 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. About IFIC The Investment Funds Institute of Canada is the voice of Canadas 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 Canadas savers to Canadas economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canadas mutual funds industry and its investors for more than 50 years. 30 For information: Andrew Perez Communications Specialist aperez@ific.ca 416-309-2313 For more information contact: Andrew Perez Communications Specialist The Investment Funds Institute of Canada (IFIC) Phone: 416-309-2313 Email: aperez@ific.ca Website: www.ific.ca Click here to view our Sources Listing: The Investment Funds Institute of Canada (IFIC)Topics: |