Toronto-based Stone Asset Management Ltd. Friday announced changes to the risk ratings of some of the funds it manages.
Following an annual review of all mutual funds under its risk rating methodology, Stone has determined that it is appropriate to change the risk ratings as set out in the table below.
|
Fund |
Current Rating |
New Rating |
|
Stone & Co. Dividend Growth Class Canada |
medium |
low to medium |
|
Stone & Co. Resource Plus Class |
high |
medium to high |
|
Stone & Co. Flagship Growth & Income Class Canada |
low to medium |
low |
|
Stone & Co. Flagship Stock Fund Canada |
medium to high |
low to medium |
|
Stone & Co. Flagship Global Growth Fund |
medium |
low to medium |
|
Stone & Co. Limited Growth Industries Fund |
medium to high |
medium |
|
Stone & Co. EuroPlus Dividend Growth Fund |
medium |
low to medium |
No material change has been made to the funds’ investment objectives or strategies.
As a result of the changes to the risk rating of the Stone & Co. Limited Growth Industries Fund, Stone has changed the investment time horizon from “long-term” to “mid to long-term” to be consistent with the investment time horizon of funds with a similar risk rating. No changes were made to the investment time horizons of the other funds.
The changes will be reflected in the renewal Simplified Prospectus and Fund Facts for the Stone Funds.