The changed ratings for the affected funds came into effect on Monday
Toronto-based Canadian Imperial Bank of Commerce (CIBC) has announced several risk rating changes for CIBC Mutual Funds.
The following mutual funds’ ratings have been updated on Monday:
> CIBC Emerging Markets Fund to “medium to high” from “high”
> CIBC Global Technology Fund will change to “medium to high” from “high”
> CIBC Nasdaq Index Fund will change to “medium” from “high”
> CIBC Financial Companies Fund will change to “medium to high” from “medium”
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