Fidelity to lower risk ratings for 2 funds

Toronto-based Fidelity Investments Canada ULC will lower the risk ratings on two Fidelity mutual funds to “medium” from “medium to high” on Jan. 1.

The lower ratings will apply to Fidelity Small Cap America Fund and Fidelity Small Cap America Class.

The investment objectives and strategies of these funds will remain unchanged, Fidelity says in a release.

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