Stone Asset Management, the manager of the Stone & Co. Growth Industries Fund has changed risk rating of the Growth Industries Fund. This change will be reflected in the renewal Simplified Prospectus for the Stone Funds.
Following an annual review of all mutual funds under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, Stone has determined that it is appropriate to change the risk rating for the Growth Industries Fund from ‘high’ to ‘medium to high’.
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No material change has been made to the Growth Industries Fund’s investment objectives or strategies.
The methodology used by Stone to identify the investment risk level of each mutual fund within the Stone Group of Funds.
The Growth Industries Fund aims to provide superior capital growth by investing primarily in a diversified portfolio of Canadian equity securities.
The fund will invest primarily in a diversified portfolio of securities of Canadian small? and mid?capitalization growth companies.
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By GlobalDataStone Asset Management Limited is the investment fund manager and portfolio manager of a family of open?end mutual funds, a TSX listed investment fund and a series of flow through limited partnerships. It specializes in structuring and managing high quality investment products for Canadian investors.
