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Ratings updated for four mutual funds

By Leah Golob |

Toronto-based Marquest Asset Management Inc. has updated the investment risk levels of four Marquest funds.

Specifically, the risk ratings for Marquest Canadian Resource Fund, Marquest Canadian Resource Fund (Corporate Class), Marquest Small Companies Fund and Marquest Global Balance Fund have been changed to reflect the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada.

The changes were included in the fund's simplified prospectus dated June 30, which has been filed with the Canadian securities regulators.

More details regarding the fund changes are available on the firm's news release.