Home Breadcrumb caret Industry News Breadcrumb caret Industry IFIC updates fund volatility risk classification guidelines The Investment Funds Institute of Canada (IFIC) has released its updated Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification. By Staff | June 28, 2016 | Last updated on June 28, 2016 1 min read The Investment Funds Institute of Canada (IFIC) has released its updated Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification. Read: CSA proposes new risk-rating methodology for funds The guidelines were first developed in 2003 by IFIC’s 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 regulations require fund managers to publish each fund’s risk level; however, the regulations do not define risk. IFIC has been releasing its guidelines publicly since 2014 to ensure all stakeholders have ready access to the industry’s most commonly used methodology. Also read: Learn more about shadow banking The ins and outs of global macro Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo