TORONTO, Jan. 29, 2015 /CNW Telbec/ - The Canadian Investment Funds Standards Committee (CIFSC) is pleased to announce that Reid Baker, Manager, Analytics and Data at Fundata Canada Inc., has been elected as Chair for the coming year, effective January 1, 2015. Brian Bridger, Director, Analytics and Data at Fundata Canada will remain the committee's Vice-Chair.
The CIFSC consists of representatives from leading Canadian investment fund data publishing and analysis firms, consultants and other industry participants (excluding fund managers and distributors) who build and maintain the leading Canadian standardized investment fund category system used by investors, advisors, institutions, and media channels across Canada. The Standards Committee oversees the system, regularly monitoring the classification scheme to make adjustments when necessary, with input from national industry participants.
"With the Canadian fund industry at well over $1 trillion in assets under management, the work of the Canadian Investment Funds Standards Committee in setting, applying, and maintaining rigorous, objective category standards is more important than ever," said Mr. Baker. "I look forward to working with all committee participants in the coming year as we build on a productive 2014," he added.
About the Canadian Investment Fund Standards Committee
CIFSC is a volunteer organization, made up of competing Canadian investment fund industry organizations and individuals who collaborate to create and maintain a single standardized investment fund classification system for use across Canada. Its current membership includes representatives from the Canadian Life and Health Insurance Association (CLHIA), Cannex Financial Exchanges, Fundata Canada, Morningstar Canada, the Investment Funds Institute of Canada (IFIC), Thomson Reuters/Lipper, Canadian ETF Association, and individual consultants.
SOURCE The Canadian Investment Funds Standards Committee
For further information: please visit the CIFSC website at http://www.cifsc.org or contact: Reid Baker, Chair of the Canadian Investment Funds Standards Committee, 416-445-5534 x240 ,email@example.com