Bringing you live news and features since 2006 

BMO Harris adjust risk ratings of two portfolios

RELATED TOPICS​

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. 

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by