IFC100 - Canadian Investment Funds

Outline info
Semester
School
Last revision date 2017-11-01 08:37:35.98
Last review date 2017-11-01 08:37:35.981


Subject Title
Canadian Investment Funds

Subject Description
This subject is offered in partnership with the Investment Funds Institute of Canada (IFIC)and delivered through Inventive Financial Sector Education (IFSE.) Students will be given an overview of mutual funds within the context of the financial services industry. They will gain the knowledge needed for their roles as a mutual funds sales representative and, through the analysis of case studies, will put their knowledge into practice. Students will learn how to evaluate clients' investment objectives and the competencies to help them choose the investment strategy and vehicles that are right for them.

Credit Status
Seneca College: Non-credit. Students may request to write the exam with IFSE. Successful completion of the IFIC course allows you to apply for registration as a mutual funds sales representative through your employer and the Ontario Securities Commission.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Demonstrate an in-depth understanding of the duties and obligations of a mutual funds sales representative.

2. Explain the economic and investment framework in which the mutual funds industry operates.

3. Analyze the client from the point of view of resources available and risk tolerances.

4. Demonstrate an understanding of the Canadian Tax system as it applies to the taxation of investment income.

5. Demonstrate a knowledge of public and private savings plans and RRSP's.

6. Discuss the structure of the mutual funds industry in Canada, and the administration of mutual funds organizations.

7. Discuss the investment activities of mutual funds.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
No required prerequisite but Grade 12 English and Mathematics, or equivalent, are strongly recommended.  

Topic Outline

  • The regulatory framework of the mutual funds industry
  • The assessment of client resources and risk tolerance
  • The history of the mutual funds industry
  • Mutual funds fee structures
  • Income funds, growth funds and combination funds 
  • Competitive products
  • Portfolio management
  • Financial statement analysis
  • Mutual funds and taxes
  • Public and private savings plans
  • RRSP contribution limits, foreign content rules, withdrawals, strategies
  • Obligations and fiduciary duties of mutual funds sales representatives

 

Mode of Instruction
A combination of teaching methods such as lectures, small group discussions to facilitate the understanding of concepts necessary to complete the IFSE exam. 

Prescribed Texts
Canadian Investment Funds Course.  Online materials provided through IFSE.


Reference Material
None.

Required Supplies
None.

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation
In cases of cheating or plagiarism, the College Academic Policy will prevail.  Please ensure that all assignments and reports are properly documented.

In order to successfully complete the IFC100 you will be required to enroll directly with Seneca College and IFSE.  Marking and grading will be done by IFSE. 


The final exam is worth 100% of the final grade for this course.

Please retain this course outline document for future educational and/or employment use.


Academic Program Manager:
Emiliano Introcaso

Approved by: Academic Program Manager Emiliano Introcaso