Stone Asset Management has announced risk rating changes to several of its mutual fund products
Stone Asset Management Limited (SAM), the investment fund manager and portfolio manager of the Stone Mutual Funds, has announced adjustments to the risk ratings of some of the funds it manages.
Following an annual review of all the Stone Mutual Funds under the company’s risk rating methodology, which is based on the recommended approach of the Fund Risk Classification Task Force of the IFIC, SAM has determined risk rating changes to be appropriate for the following fund products:
The release states that there have been no material changes on the funds’ investment objectives or strategies. The investment time horizons of the funds affected have also not been changed.
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Following an annual review of all the Stone Mutual Funds under the company’s risk rating methodology, which is based on the recommended approach of the Fund Risk Classification Task Force of the IFIC, SAM has determined risk rating changes to be appropriate for the following fund products:
| Fund Name | Current Rating | New Rating |
| Stone & Co. Flagship Stock Fund Canada | low to medium | medium |
| Stone & Co. Flagship Global Growth Fund | low to medium | medium |
The release states that there have been no material changes on the funds’ investment objectives or strategies. The investment time horizons of the funds affected have also not been changed.
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