Montréal - Effective today, when investors buy mutual funds, the Fund Facts, a document designed to help them better understand their investments, will be delivered to them within two days of their purchase.

Written in clear, plain language, this document highlights core information about the fund, in particular, its principal investments, its past performance and the cost to investors. The Fund Facts will be delivered to investors instead of the simplified prospectus, although the prospectus will still be available on request.

This is the second phase in this initiative by the Canadian Securities Administrators (CSA). In phase 1, launched in January 2011, the document was required to be made available to investors on a website. In the upcoming third phase of the project, the Fund Facts will be sent to investors before they purchase securities.

"Investors owe it to themselves to read the Fund Facts if they want to make informed decisions," said Louis Morisset, AMF President and CEO. "The Fund Facts will provide investors with key details about a fund in language that is clear and easy to understand. This information will guide investors in their discussions with their representatives to ensure that the fund's securities are aligned with their investor profiles," he added.

The AMF encourages investors to visit the consumer section of its website to learn more about the Fund Facts as well as investments, insurance and personal finances.

The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.



Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
Twitter : @lautorite This link will open in a new window