IFIC Announces Changes to Its Statistics Reporting
February 14, 2011
TORONTO The Investment Funds Institute of Canada (IFIC) today announced changes to its mutual fund statistics reporting that will provide investors with relevant and timely information related to asset classes and Canadian Investment Funds Standards Committee (CIFSC) categories.
Commencing with the release of the January, 2011 data on February 15, 2011, IFIC will provide monthly statistics that are exclusively focused on the industry as a whole. Individual firm level assets and sales data will no longer be included in IFICs public releases. However, statistics participants will continue to receive this information in their monthly data feeds. The changes that are being made better align the work of IFIC with the views of its members and the public interest.
IFIC, as the official and authoritative source of industry data, will continue to report on the significant trends and developments in our industry, said Joanne De Laurentiis, IFIC President & CEO. Investors will receive the information that they want and that is most relevant to their investing decisions.
In addition to the changes noted above, IFIC will cease to publish the preliminary estimates of monthly data at the beginning of each month as these estimates are of limited value to investors.
The new IFIC statistics report that is focused on asset classes and CIFSC categories for the period January, 2011, will be released on February 15, 2011.
IFIC is the national association of the investment funds industry. Membership consists of mutual fund companies, retail distributors and industry affiliates.
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Senior Manager, Communications
The Investment Funds Institute of Canada (IFIC)
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