National Bank Securities Inc. (TSX:NA), the manager of the Meritage Portfolios, Friday announced a change to the risk rating associated with investing in the Meritage Canadian Equity Portfolio and the Meritage Canadian Equity Class Portfolio.
The Investment Funds Institute of Canada has established guidelines for determining risk ratings based primarily upon the variability of returns for a mutual fund. Based on these guidelines, National Bank Securities determined it was prudent to change the risk rating for the Meritage Canadian Equity Portfolio and the Meritage Canadian Equity Class Portfolio from “Average” to “Medium to High”.
No changes have been made to the investment objectives, strategies or management of the two portfolios.
The changes will be reflected in the simplified prospectus of the Meritage Portfolios, which will be filed on October 28.