Risk ratings may do more harm than good
The new requirements for Fund Facts and the newly announced ETF Facts would come into effect in March and will be required as of September
Six funds get lower risk ratings
BMO Equal Weight US Banks Index ETF and BMO Equal Weight US Banks Hedged to CAD Index ETF are now both rated “medium to high” instead of “high”
No changes made to funds’ investment objectives
The modified risk classifications are a result of the firm’s annual review of its funds’ and do not signify changes to the investment objectives, strategies or portfolio management
NEI Select Conservative Portfolio has had its risk rating lowered
Ratings for three funds revised higher
The changes are the result of an annual review
Risk rating rating lowered