Toronto-based AGF Investments Inc. is lowering the risk rating of its Harmony Non-Traditional Pool.
The pool’s risk rating is now “medium to high” down from its previous ranking of “high.” The change follows AGF’s annual review of all Harmony Pools and Portfolios under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of the Toronto-based Investment Funds Institute of Canada (IFIC).
No material changes have been made to the investment objective or strategy for Harmony Non-traditional Pool. The updated risk rating is reflected in the fund facts for Harmony Non-traditional Pool, as well as the renewed simplified prospectus of the Harmony Pools and Portfolios, dated July 11, 2014.
AGF Management Ltd. serves more than one million investors and holds roughly $36 billion in total assets under management.