MONTREAL, April 17, 2014 /CNW Telbec/ - Landry Investment Management Inc. has announced a change to the risk ratings of its mutual funds. Effective today, the risk ratings of the Landry Canadian Equity Fund, the Landry Global Equity Fund and the Landry U.S. Equity Fund are changing from "high" to "medium".
In determining the risk ratings, we take into consideration both quantitative and qualitative factors such as investment objectives, investment strategies and asset allocations, sector and geographic diversification, as well as the risk ratings of other mutual funds managed by us and our peers with similar investment mandates and strategies as our funds. The funds were identified as requiring a risk rating change during the course of an annual review of risk ratings performed by Landry Investment Management Inc., manager of the Landry family of funds.
These new ratings do not reflect any changes to the investment objectives, strategies or management of these mandates.
The changes to the risk ratings will be reflected in the simplified prospectuses of each fund filed with Canadian securities regulators.
Landry Investment Management Inc.
Landry Investment Management is the manager of the Landry family of funds (formally the Landry Morin funds). The firm also offers discretionary portfolio management services to individuals and institutional investors.
SOURCE: Landry Investment Management Inc.
For further information: Mr. Jean-Luc Landry, Chairman and Chief Executive Officer, Landry Investment Management Inc. firstname.lastname@example.org and Mrs. Colette E. Bournival, Chief Compliance Officer email@example.com, 514-985-1138