Tradex Management Inc. Announces Mutual Fund Risk Rating Change
OTTAWA, May 11, 2018 /CNW/ - Tradex Management Inc. (TMI), the manager of Tradex Bond Fund (the "Fund"), today announced a change to the risk rating of the Fund from "Low-to-Medium" to "Low".
This change is a result of the Fund adopting the risk classification methodology mandated by the Canadian Securities Administrators.
No changes have been made to the investment objectives or strategies of the Fund.
About Tradex Management Inc.
Tradex funds have been helping current and former public sector employees and their families achieve their financial goals since the creation of the original Tradex Investment Fund Limited (now Tradex Equity Fund Limited) in April 1960. Initially founded to meet the needs of employees of the departments of Trade and Commerce and External Affairs (as they were known then), the Fund's manager, Tradex Management Inc.(TMI), is overseen by an independent board of directors, most of whom are retired federal public servants. TMI was formed in 1988 to enable the launch of two additional funds, Tradex Bond Fund and Tradex Global Equity Fund.
SOURCE Tradex Management Inc.
Media Contact: Blair R. Cooper, President, Tradex Management Inc., 613-233-3394, e-mail: [email protected]
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