The Investment Funds Institute of Canada (IFIC) is reminding investors that mutual funds can go a long way to protecting them during turbulent periods.

“Mutual fund investors are usually in good shape during market fluctuations because of diversification, the advantage of dollar cost averaging and professional portfolio management,” says Joanne De Laurentiis, president and CEO of IFIC.

IFIC offers four tips to keep investors focused: focus on your objectives; remember the benefits of diversification; invest regularly; and understand your risk tolerance.

IFIC suggests investors contact a professional investment advisor to learn more about diversification, risk tolerance and long-term financial planning.