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Toronto-based BMO Asset Management Inc. has announced changes to the risk ratings for 16 of its ETFs, effective immediately.

Changes are the result of an annual review conducted using the investment risk classification methodology set forth in National Instrument 81-102 – Investment Funds.

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No material changes have been made to the investment objectives, strategies or management of the ETFs, BMO says.

The complete list of risk-rating changes is available in the company’s news release.