Toronto-based Invesco Canada Ltd. announced on Friday it has reduced the risk rating on four of its mutual funds.

The updated risk ratings, which are effective immediately, provide investors with a more accurate description of the risk profile they can expect, Invesco says.

The rating changes are:

  • PowerShares Canadian Low Volatility Index Class, from “Medium” to “Low to Medium”
  • PowerShares Canadian Preferred Share Index Class, from “Medium” to “Low to Medium”
  • PowerShares Monthly Income Fund, from “Low to Medium” to Low
  • Trimark Emerging Markets Class, from “High” to “Medium to High”

Invesco also announced the renaming of six mutual funds to reflect the Nov. 2015 integration of the Toronto-based fixed-income team of Jennifer Hartviksen, Albert Ngo, Alexander Schwiersch and Isam Walji into the global Invesco fixed income (IFI) team.

The new fund names, which take effect today, are:

  • Trimark Advantage Bond Fund becomes Invesco Advantage Bond Fund
  • Trimark Canadian Bond Fund becomes Invesco Canadian Bond Fund
  • Trimark Canadian Bond Class becomes Invesco Canadian Bond Class
  • Trimark Floating Rate Income Fund becomes Invesco Floating Rate Income Fund
  • Trimark Global High Yield Bond Fund becomes Invesco Global High Yield Bond Fund
  • Trimark Short-Term Income Fund becomes Invesco Short-Term Bond Fund

There are no changes to the investment objectives or strategies of any of the affected funds, Invesco says.

For a complete list of IFI fund mandates, click here.

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