Chapter 10: The Modern Mutual Fund

In this section

• What is a Mutual Fund?
  Explore the fundamentals of mutual funds, including how they're structured, managed, and why they play a pivotal role in diversified investing.
• Key Players in a Mutual Fund
  Explore the pivotal roles and responsibilities of key players in a mutual fund, including the fund sponsor, portfolio manager, distributor, custodian, transfer agent, auditor, trustee, and the Independent Review Committee (IRC). Understand how these entities collaborate to manage and protect investors’ interests.
• How are Mutual Funds Organized?
  Discover the underlying legal and structural frameworks of mutual funds, including trust and corporate forms, various classes and series of units, and operational umbrellas.
• How are Mutual Funds Regulated?
  Explore the Canadian regulatory landscape for mutual funds, including the role of the CSA, CIRO, key National Instruments, KYC and suitability standards, and more.
• Mutual Fund Disclosure Documents and Fund Facts
  Learn how Fund Facts, simplified prospectuses, and continuous disclosure documents empower investors to make confident decisions in the modern Canadian mutual fund landscape.
• Purchasing and Redeeming Mutual Funds | Key Steps, Fees, and Strategies
  A comprehensive guide on how investors can purchase and redeem mutual fund units, the costs and fees involved, the role of CIRO regulations, and best practices such as dollar-cost averaging and systematic savings plans.
• Additional Considerations in the Modern Mutual Fund
  Explore how technology, ESG factors, performance reporting, cost transparency, and cross-border opportunities shape the modern mutual fund under Canada’s evolving regulatory landscape.