RICHMOND HILL, ON, March 26, 2018 /CNW/ - Global Growth Assets Inc. has announced changes to the risk rating for the Global Iman Fund effective on or about April 17, 2018. This change is the result of the implementation of the new Risk Classification Methodology recently mandated by the Canadian Securities Administrators (CSA).
There are no changes to the investment objective or strategies of the fund as a result of this update.
| Fund |
New Risk Rating |
Current Risk Rating |
| Global Iman Fund |
Low-to-Medium |
Medium |
A summary of the risk classification methodology and the investment objective and strategies of the fund can be found in the Global Iman Fund simplified prospectus available at www.globalgrowth.ca, www.sedar.com, or by contacting 1-866-680-4734.
About Global Growth Assets Inc. (GGAI)
Global Growth Assets Inc. has been registered as an Investment Fund Manager ("IFM") since 2009 and is the IFM for the Advanced Education Savings Plan and Legacy Education Savings Plan, which has over $685 million in assets under administration. GGAI also manages over $40 million in mutual fund assets through Global Iman Fund, an ethical fund that provides investors with long-term growth by investing in a diversified portfolio of global investments that are in accordance with Shariah rules.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in the fund. Please read the prospectus before investing. Investments in the fund are not guaranteed; its value changes frequently and past performance may not be repeated.
SOURCE Global Growth Assets Inc. (GGAI)
please send an email to [email protected] or contact 1-866-680-4734
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