20 August 2018 13:30
Photo : Freepik
Theinvestment funds Institute of Canada (IFIC) aims to improve the disclosure of investment dealers, representatives and investment fund managers by studying behavioural economics. The organization intends to achieve by commissioning a firm of consultants in the field BEworks, who will conduct a research in order to achieve the objective of IFIC.
BEworks will therefore review the statements of investment expenses, and performance, in addition to helping the industry to develop and test new approaches to improve the way in which the information is presented to investors through a knowledge of behaviors.
“Effective disclosure plays an essential role to educate investors and provide them with the information they need to make investment decisions with confidence that match their investment objectives,” stresses Paul C. Bourque, president and ceo of the IFIC.
The research project will have three components to ” provide to the investment fund industry and the basic principles of theoretical and practical tools to enable it to further improve the disclosure “.
These components include the review of the research to identify the principles of effective information and good practices in the field of formatting information, the evaluation of the effectiveness of the statements of costs and the development of reporting templates and their implementation in the trial relative to the statements current.
“An important issue”
“We want to emphasize the fact that the CORPORATION adopts a rigorous approach to the issue of importance and turns to the scientific thought and experimentation in order to improve the communications practices and information and to encourage the canadian investors to take better financial decisions,” says Kelly Peters, ceo and co-founder of BEworks.
IFIC expects that the project will be completed by the beginning of next year.