MONTREAL, Oct. 30, 2014 /CNW/ - Standard Life Mutual Funds Ltd. (SLMF), the manager of the Standard Life Mutual Funds, today announced a change to the risk rating associated with investing in the funds listed in the table below. This change will be reflected in the Simplified Prospectus of the Standard Life Mutual Funds which is expected to be filed later today.
The Investment Funds Institute of Canada established guidelines for determining risk ratings based primarily upon the variability of returns for a mutual fund. Based on these guidelines, SLMF determined it was prudent to change the risk rating for the following funds in the following manner:
| Fund |
Current Risk Rating |
New Risk Rating |
| Standard Life Diversified Income Fund |
Low to Medium |
Low |
| Standard Life U.S. Dividend Growth Fund |
Medium |
Low to Medium |
| Standard Life U.S. Dividend Growth Class |
Medium |
Low to Medium |
| Standard Life Canadian Equity Growth Fund |
Medium to High |
Medium |
| Standard Life Canadian Equity Growth Class |
Medium to High |
Medium |
| Standard Life Canadian Equity Value Fund |
Medium to High |
Medium |
| Standard Life Canadian Equity Value Class |
Medium to High |
Medium |
No material changes have been made to the investment objectives, strategies or management of these funds.
Notes to Editors
1. More details about Standard Life Mutual Funds
About Standard Life Mutual Funds
Established in 2000, Standard Life Mutual Funds Ltd. (SLMF) offers 57 mutual funds and fund-of-funds to more than 57,000 investors in Canada. Its wide range of mutual funds is managed by professionals with varying investment styles across major asset classes. As of September 30, 2014, SLMF had approximately $6.0 billion in assets under management.
SLMF is a wholly owned subsidiary of Standard Life Financial Inc. whose parent company, Standard Life plc, is headquartered in Edinburgh, Scotland.
SOURCE: STANDARD LIFE MUTUAL FUNDS LTD.
Anne-Julie Gratton, 514-499-7999 or 1-877-499-9555, ext. 8150, [email protected]
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