CIBC changes risk ratings for 4 funds

By Staff | June 25, 2018 | Last updated on June 25, 2018
1 min read

CIBC will make changes to the risk ratings for the mutual funds listed in the table below, effective on or about June 25. Changes will be reflected in the renewal of the simplified prospectus for the funds.

Name Previous risk rating New risk rating
CIBC Emerging Markets Fund High Medium to High
CIBC Global Technology Fund High Medium to High
CIBC Nasdaq Index Fund High Medium
CIBC Financial Companies Fund Medium Medium to High

Read: The story behind emerging market outflows

The new risk ratings were determined in accordance with the new standardized risk classification methodology mandated by Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the affected mutual funds.

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The staff of have been covering news for financial advisors since 1998.