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Our story

In 2025, the association, formerly the Investment Funds Institute of Canada (IFIC), expanded its mandate and is now the leading voice for the securities and investment management industry. SIMA’s history is one of innovation and impact. Established in 1962, we have continually expanded our mandate to reflect the evolution of Canada’s investment industry.

Board of Directors Leadership team
1962 – 1976

The 60s and 70s

In 1967, the Canadian Mutual Funds Association was rebranded as The Investment Funds Institute of Canada (IFIC). That same year, the Canadian Investment Funds Course for Mutual Fund Licensing was launched, equipping industry professionals with the knowledge and credentials to serve Canadian investors to the highest standard.

Board of Directors Leadership team
An older woman in glasses speaks to three colleagues at a table during a business meeting, with papers and a glass of water visible.
1990 – 2006

The 90s and early 2000s

Through the 1990s, IFIC deepened its role as the authoritative voice for Canada’s mutual fund industry as the sector grew rapidly in scale and complexity. The association expanded its advocacy efforts, strengthening engagement with regulators and policymakers to ensure the investment funds framework kept pace with a changing market.

IFIC became the definitive source of industry statistics and research, publishing data relied upon by members, government, and media.

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2017 – 2025

The 2017–18 era and the lead-up to 2025

The evolution from IFIC to SIMA represents a sustained commitment to advocating for financial policies that protect investors, foster innovation, and fuel economic growth.

As Canada’s investment industry evolves, SIMA remains steadfast in its mission to equip members with the intelligence, advocacy, and collaboration they need to navigate a rapidly changing landscape.

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Access member-only insights and tools

SIMA members get access to exclusive webinars and events, plus preferred pricing on certain financial certifications.

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