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Canoe Financial LP on Wednesday announced a change to the risk rating for Canoe Global Income Fund & Canoe Global Income Class from “low to medium” to “low,” effective June 23.
No changes have been made to the investment objective, strategy or management of the funds, Canoe says in a statement.
Canoe has also decided to bring in-house the management of Canoe Canadian Corporate Bond Fund which will be managed by Marc Goldfried, Canoe’s chief investment officer and head of fixed income, starting July 4.
Canoe has terminated its subadvisory agreement with Montreal-based Stanton Asset Management Inc. effective July 1.
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