The CIFSC continually monitors and analyses the categorization of funds, the current category definitions and structures, as well as any new and developing trends in the investment funds industry. The purpose of the review is to ensure the logical, consistent categorization of investment funds and to maximize the similarity of investment strategies and risk-return profiles within each category. Categories should have a sufficient number of funds to allow for meaningful comparisons and rankings within the category.
On November 1st, 2023, the committee submitted a proposal to create new U.S. Dividend & Income Equity and Global Dividend & Income Equity categories. Following a 30-day comment period and subsequent revision of the proposal, the committee voted to accept the revised proposal on February 1st , 2024. The results follow [here]. Approved changes are effective March 31st, 2024, and will be reflected in the release of March 2024 month-end data.
