CIBC lowers risk ratings for two funds

Toronto-based CIBC Asset Management Inc. has lowered the risk ratings for two of its Renaissance Investments mutual funds.

The Renaissance U.S. Equity Growth Currency Neutral Fund risk rating has been lowered from “medium to high” to “medium,” and the Renaissance Global Real Estate Currency Neutral Fund risk rating has been lowered from “high” to “medium to high.”

The investment objectives, investment strategies and management of the affected funds remain the same, CIBC said in a release.

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