Montreal-based Landry Investment Management Inc. Thursday announced a change to the risk ratings of three of its mutual funds.

Effective immediately, the risk ratings of Landry Canadian Equity Fund, Landry Global Equity Fund and Landry U.S. Equity Fund are changing from “high” to “medium”.

The funds were identified as requiring a risk rating change during the course of an annual review of risk ratings performed by Landry.

The new ratings do not reflect any changes to the investment objectives, strategies or management of these mandates.

Landry is the manager of the Landry family of funds. The firm also offers discretionary portfolio management services to individuals and institutional investors.