Redwood Asset Management Inc. Announces Mutual Fund Risk Rating Change
TORONTO, ONTARIO–(Marketwired – Dec. 20, 2017) -
This press release is not for dissemination in the United States or for distribution to U.S. news wire services.
Redwood Asset Management Inc. (“Redwood“) announced today that, effective on or about December 21, 2017, the risk ratings of the mutual funds set out below will change as follows:
|Redwood Fund||Current Risk Rating||New Risk Rating|
|Redwood Global Total Return Bond Portfolio||Low to Medium||Low|
|Redwood Unconstrained Bond Fund||Low to Medium||Low|
|Redwood Behavioral Opportunities Fund||Medium||Low to Medium|
|Redwood U.S. Preferred Share Fund||Low to Medium||Medium|
|Redwood Pension Class||Low to Medium||High|
The changes are a result of the new risk rating methodology mandated by the Canadian Securities Administrators and an annual review by Redwood to determine the risk level of its publicly-offered mutual funds.
About Redwood Asset Management Inc.
Redwood Asset Management is a Toronto-based investment fund manager, focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors. Redwood Asset Management is a wholly owned subsidiary of Purpose Investments Inc., which has over $4.9 billion in assets under management. More information about Redwood’s product offerings is available at www.redwoodasset.com.
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein.
President & CEO