Ratings on two mutual funds changed to “low-to-medium”
Ottawa-based Tradex Management Inc. has lowered the risk ratings on two of its mutual funds.
The ratings for Tradex Equity Fund Ltd. and Tradex Global Equity Fund are both lowered to “low-to-medium” from “medium”.
The changes follow an annual review of the investment risk level of the funds, Tradex said in a news release.
There are no changes to the investment objectives or strategies of either fund.
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