Stone Asset Management Limited Announces Mutual Fund Risk Rating Changes

TORONTO, Aug. 15, 2014 /CNW/ - Stone Asset Management Limited ("Stone") today announced changes to the risk ratings of some of the funds it manages. These changes will be reflected in the renewal Simplified Prospectus and Fund Facts for the Stone Funds.

Following an annual review of all mutual funds under its risk rating methodology, which is based on the approach recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada, Stone has determined that it is appropriate to change the risk ratings as set out below.

Fund

Current Rating

New Rating

Stone & Co. Dividend Growth Class Canada

medium

low to medium

Stone & Co. Resource Plus Class

high

medium to high

Stone & Co. Flagship Growth & Income Class Canada

low to medium

low

Stone & Co. Flagship Stock Fund Canada

medium to high

low to medium

Stone & Co. Flagship Global Growth Fund

medium

low to medium

Stone & Co. Limited Growth Industries Fund

medium to high

medium

Stone & Co. EuroPlus Dividend Growth Fund

medium

low to medium

No material change has been made to the funds' investment objectives or strategies.

As a result of the changes to the risk rating of the Stone & Co. Limited Growth Industries Fund we have changed the investment time horizon from "long-term" to "mid to long-term" to be consistent with the investment time horizon of funds with a similar risk rating.  No changes were made to the investment time horizons of the other funds.

The methodology used by Stone to identify the investment risk level of each mutual fund within the Stone Group of Funds is available at no cost by calling us at 1-800-336-9528 or by writing to us at clientservices@stoneco.com.

Stone Asset Management Limited is the investment fund manager and portfolio manager of a family of open-end mutual funds, TSX-listed investment funds and a series of flow-through limited partnerships. Stone specializes in structuring and managing high quality investment products for Canadian investors.

SOURCE Stone Asset Management Limited

For further information: Stone Asset Management Limited, Tanya-Ann Kuriakose, Assistant Vice-President, Internal Sales, p. 416-607-7384, e. tanyak@stoneco.com