IFIC stands for Investment Funds Institute of Canada. It is a non-profit membership association that represents the mutual fund industry in Canada. Established in 1962, the IFIC serves as the voice of the investment fund industry, promoting its growth and development while ensuring that it operates within a regulatory framework that protects the interests of investors.
As an industry organization, IFIC is committed to maintaining high standards of professionalism, ethics, and business conduct within the investment fund sector. It provides a wide range of services and support to its member firms, including educational resources, research, and representation on regulatory and legislative matters. The institute also works to enhance public awareness and understanding of investment funds, promoting them as a valuable and effective investment vehicle.
Furthermore, IFIC plays a crucial role in advocating for the interests of investment fund shareholders and promoting investor protection. It works closely with regulators, government agencies, and other stakeholders to propose and implement policies that ensure investor confidence and uphold the integrity of the investment fund industry.
Overall, IFIC serves as a central hub for the mutual fund industry in Canada, striving to foster an environment that allows investment funds to thrive while maintaining high standards of governance and investor protection.
