NBS lowers risk ratings

Montreal-based National Bank Securities Inc., manager of the Meritage portfolios, has announced a change in the risk ratings of Meritage Moderate Income Portfolio, Meritage Canadian Equity Class Portfolio and Meritage Canadian Equity Portfolio. The level of risk attributed to Meritage Moderate Income Portfolio has thus been lowered to “low” from “low to medium,” while the risk levels of Meritage Canadian Equity Class Portfolio and the Meritage Canadian Equity Portfolio have been changed to “medium” from “medium to high.” These changes aim to reflect the funds’ actual risk levels more accurately.

(cohara@investmentexecutive.com).