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BMO Harris adjust risk ratings of two portfolios


BMO Harris Investment Management (BHIMI) has reduced the risk ratings of BMO Harris Canadian Conservative Equity Portfolio and BMO Harris Canadian Mid-Term Bond Portfolio to medium and low respectively from Medium to High and Low to Medium.

BHIMI assigns an investment risk rating to each portfolio to provide investors with information to help determine whether a portfolio is suitable for them.
The methodology used to determine the risk rating of each portfolio is based on the methodology recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada (IFIC).
In addition to using the methodology recommended by the IFIC Task Force, it may take into account other qualitative factors in making our final determination of each Portfolio's risk rating. The investment risk rating for each portfolio is reviewed at least annually as well as if there is a material change in a portfolio's investment objective or investment strategy.
The risk rating of each of the portfolios has changed to align better with the risk level of each portfolio.
"BHIMI reviews the risk ratings of its portfolios regularly and chose to revise the risk ratings for these two portfolios to align them more appropriately to the level of risk needed for the portfolios to achieve their investment objectives," says Richard B Mason, chief executive officer, BHIMI. 

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