Glen Gowland, incoming chairman of the Investment Funds Institute of Canada, discusses key themes from the 2012 IFIC annual leadership conference in Toronto.
Investment risk level of Excel China Fund changed to “high”
Standalone strategies are being combined in ways that are more useful to the client
This year marks the 50th anniversary of IFIC
New names better reflect primary mandates
Acquisition expands Lipper fund business
Ratings modified for Sentry Growth and Income Fund and Sentry U.S. Growth and Income Fund
Many complex and hard-to-value securities, such as structured products, are now available to funds
The proposed rule erects a barrier between the Canadian mutual fund industry and its Canadian clients, especially snowbirds
Proposed changes, including changes to risk disclosure, will be published for comment in the spring or summer