Ottawa-based MD Financial Management Inc. has updated the risk ratings for three funds.

As a result, MD Precision Balanced Income Portfolio and MD Precision Conservative Portfolio have been reclassified to a low rating from low to medium. As well, MDPIM Emerging Markets Equity Pool has been tweaked to medium-to-high rating from high.

The changes, which took effect around May 24, are in response to the Canadian Securities Administrators’ decision to introduce a new methodology for risk classification.

No changes to clients’ risk assessments and the underlying risks of the funds are expected.