Toronto-based Russell Investments Canada Ltd. of Friday announced changes to the risk ratings of six of its funds.

The changes are:

  • LifePoints Balanced Income, from “Low to Medium” to “Low”
  • LifePoints Balanced Income Class, from “Low to Medium” to “Low”
  • Russell Investments Income Essentials, from “Low to Medium” to “Low”
  • Russell Investments Income Essentials Class, from “Low to Medium” to “Low”
  • Multi-Asset Fixed Income, from “Low to Medium” to “Low”
  • Multi-Asset Fixed Income Class, from “Low to Medium” to “Low”

These changes are effective immediately.

No material changes have been made to the investment objectives, strategies or management of the affected funds.