BMO Harris Investment Management Inc. has made changes to reduce the risk ratings of BMO Harris Canadian Growth Equity Portfolio, BMO Harris Canadian Corporate Bond Portfolio, BMO Harris U.S. Equity Portfolio, BMO Harris International Equity Portfolio and BMO Harris Emerging Markets Equity Portfolio.
BHIMI assigns an investment risk rating to each Portfolio to provide investors with information to help determine whether a Portfolio is suitable for them. The methodology used to determine the risk rating of each Portfolio is based on the methodology recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada. In addition to using the methodology recommended by the IFIC Task Force, we may take into account other qualitative factors in making our final determination of each Portfolio’s risk rating. The investment risk rating for each Portfolio is reviewed at least annually as well as if there is a material change in a Portfolio’s investment objective or investment strategy.
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The risk rating of each of the Portfolios listed below has changed to align better with the risk level of each Portfolio. "BHIMI reviews the risk ratings of its Portfolios regularly and chose to revise the risk ratings for these five Portfolios to align them more appropriately to the level of risk needed for the Portfolios to achieve their investment objectives," said Richard B. Mason, Chief Executive Officer, BHIMI.
The investment objectives, investment strategies and management of each of the Portfolios will not change as a result of the change in risk rating.
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