TORONTO, June 25, 2020 /CNW/ - CI Investments Inc. ("CI") announced today the following risk rating changes for three of its funds.
|
Fund
|
Current Risk
Rating
|
New Risk Rating
|
|
Sentry Balanced Income Portfolio
|
Low
|
Low to Medium
|
|
Sentry Real Short Term Income Pool Class
|
Low to Medium
|
Low
|
|
Sentry Real Short Term Income Trust
|
Low to Medium
|
Low
|
The changes will be effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. CI reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review, and are not the result of any changes to the investment objectives, strategies or management of the funds.
About CI Investments
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent company offering global asset management and wealth management advisory services with $172.0 billion in fee-earning assets as of May 31, 2020.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE CI Investments Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2020/25/c1525.html
Murray Oxby, Vice-President, Communications, CI Investments Inc., 416-681-3254, moxby@ci.comCopyright CNW Group 2020