CSA Canadian Securities Administrators

For Immediate Release          
November 4, 2014

Canadian Securities Administrators invite investors to get the Fund Facts during Financial Literacy Month

Calgary – November is Financial Literacy Month and the Canadian Securities Administrators (CSA) are inviting investors to discover more about their mutual funds by using a new CSA Fund Facts interactive sample.

Investors can use this free, interactive tool to take a guided tour of a sample Fund Facts document and learn to easily identify a fund’s principal investments, past performance, risk rating and cost to investors.

 “Investors owe it to themselves to read the Fund Facts documents to help them make informed investment decisions regarding mutual funds,” said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. “This new CSA online tool helps investors understand the information contained in Fund Facts documents and can assist them in evaluating whether a specific mutual fund is right for them.”

Fund Facts documents are written in plain language that highlights key information about a mutual fund that CSA research has identified as important to investors. Dealers are required to deliver the Fund Facts document to mutual fund investors within two days of purchase.

Throughout Financial Literacy Month, investors should watch for investor education tweets from @CSA_News. Canadians can take advantage of additional tools, brochures and resources about investing in the Investor Tools section of the CSA website.

Financial Literacy Month is a great opportunity for all Canadians to enhance their financial knowledge. Last year, more than 90 public, private and non-profit organizations participated in Financial Literacy Month activities to help Canadians improve their financial skills.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for Canadian capital markets.

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For more information:

Carolyn Shaw-Rimmington
Ontario Securities Commission

Mark Dickey
Alberta Securities Commission

Richard Gilhooley
British Columbia Securities Commission

Sylvain Théberge
Autorité des marchés financiers

Kevan Hannah
Manitoba Securities Commission

Andrew Nicholson
Financial and Consumer Services
Commission, New Brunswick

Tanya Wiltshire
Nova Scotia Securities Commission

Janice Callbeck
Office of the Superintendent of Securities

Don Boyles
Office of the Superintendent of Securities
Newfoundland and Labrador

Rhonda Horte
Office of the Yukon Superintendent of

Louis Arki
Nunavut Securities Office

Gary MacDougall
Northwest Territories
Securities Office

Shannon McMillan
Financial and Consumer Affairs
Authority of Saskatchewan