TORONTO, Jan. 16, 2018 /CNW Telbec/ - Barometer Capital Management Inc. (Barometer), the manager of the Barometer Group of Funds (the Funds), today announced changes to the risk rating of its Barometer Disciplined Leadership Equity Fund (the Equity Fund) from "Medium to High" to "Medium". This change is the result of complying with the recently mandated Canadian Securities Administrators' updated risk classification methodology.
The risk rating of Barometer's other two public funds, the Barometer Disciplined Leadership Balanced Fund and the Barometer Disciplined Leadership Tactical Income Growth Fund did not change and remain at "Low to Medium" and "Medium", respectively.
These changes will be reflected in the renewal of the simplified prospectus and fund facts for each of the Funds which will be filed shortly.
There are no changes to the investment objectives or strategies of the Equity Fund as a result of this new risk rating.
Barometer Capital Management Inc. is a Canadian-owned discretionary investment management firm with a wide range of investment products and services, including separately managed accounts, the Barometer Private Pools, the Barometer Group of Funds and investment advisory services to broker/dealers via an investment management platform. Barometer managed approximately $2.0 billion as of December 31st, 2017.
Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE Barometer Capital Management Inc.
For further information: Charlie Cummings, Senior Vice President, Business Development, Barometer Capital Management Inc., (416) 601-6888