Tradex Management Inc. announces risk rating changes
OTTAWA, May 10, 2019 /CNW/ - Tradex Management Inc. (TMI) today announced a risk rating change for certain funds. TMI determines the risk rating for the funds in accordance with the methodology required by the Canadian securities regulators. As a result of its annual review of the investment risk level of the funds, the Manager determined the risk ratings for the following funds changed as follows:
Fund |
Current Risk Rating |
New Risk Rating |
Tradex Equity Fund Ltd. |
Medium |
Low-to-Medium |
Tradex Global Equity Fund |
Medium |
Low-to-Medium |
These changes will be reflected in the funds' simplified prospectus and the applicable fund facts, which will be filed with Canadian securities regulators in connection with the funds' 2019 annual renewal.
There are no changes to the investment objectives or strategies of these funds.
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, 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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