RBC Global Asset Management Inc. has announced changes to the risk ratings of three funds (listed in the table below).
RBC GAM Inc. follows a risk classification methodology based on the approach recommended by IFIC. Each fund’s risk rating is reviewed on an annual basis, or when the fund undergoes a material change. The changes announced today are the result of an annual review. No material changes have been made to the investment objectives, strategies or management of the affected funds.
|FUND||CURRENT RATING||NEW RATING|
|RBC O’Shaughnessy U.S. Growth Fund||Medium to High||High|
|RBC O’Shaughnessy U.S. Growth Fund II||Medium to High||High|
|RBC Private O’Shaughnessy U.S. Growth Equity Pool||Medium to High||High|