Dynamic Funds Wednesday announced changes to the risk ratings of three of its mutual funds.
Effective immediately, the risk ratings of Dynamic Focus+ Resource Fund, Dynamic Power Small Cap Fund and Dynamic Strategic Energy Class are changing to “medium-to-high” from “medium”.
The three funds were identified as requiring a risk rating change during the course of an annual review of risk ratings performed by GCIC Ltd., manager of the Dynamic Funds.
These new ratings do not reflect any changes to the investment objectives, strategies or management of these mandates.
The new ratings will be reflected in the simplified prospectuses of each fund filed with Canadian securities regulators.
Dynamic Funds is a division of Toronto-based GCIC Ltd., which is a subsidiary of DundeeWealth Inc. DundeeWealth is a wholly owned subsidiary of Scotiabank.