Toronto-based Davis-Rea Ltd. has announced lower risk ratings for its three Davis-Rea mutual funds effective Aug. 27.

These changes are the result of complying with the Canadian Securities Administrators’ updated risk classification methodology, the company says in a news release.

The changes are as follows:

  • Davis-Rea Balanced Fund to Low-Medium from medium
  • Davis-Rea Equity Fund to Medium from Medium-High
  • Davis-Rea Fixed Income Fund to Low from Low-Medium

There are no changes to the investment objectives or strategies of the funds associated with these new risk ratings.