Canadian investors need to avoid panic selling, industry association head says

“That is where an adviser earns their money – they are helping investors avoid costly mistakes that can occur during these times,” Mr. Bourque said.

The Investment Funds Institute of Canada , which includes about 150 investment fund managers, investment dealers and back-office businesses, represents approximately 93 per cent of mutual fund assets under management and approximately 89 per cent of exchange traded fund AUM in Canada. In 1995, he shifted gears and joined the B.C. Securities Commission, which led to an operational role at the Ontario Securities Commission, and later a nine-year stint at the Investment Industry Regulatory Organization of Canada. In 2010, he returned to the BCSC as executive director, where he spent six years overseeing securities regulation and enforcement.

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