Vancouver-based OceanRock Investments Inc. is tweaking the risk ratings for nine of the mutual funds it manages.
The changes come in response to the Canadian Securities Administrators’ decision this past December to introduce a new methodology for risk classification.
Read: CSA decides on standard deviation to classify riskiness of funds
No further changes to the funds’ investment objectives or strategies are expected.
A full list of the new ratings is available in the company’s news release.