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Evolve Funds Group has changed the risk ratings for certain ETFs.

The firm announced the following changes on Friday:

  • The Evolve Cyber Security Index Fund decreased to medium from medium to high.
  • The Evolve North American Gender Diversity Index Fund now has a low to medium rating, reduced from medium.
  • The Evolve Automobile Innovation Index Fund’s rating increased to high from medium to high.
  • The Evolve US Banks Enhanced Yield Fund also has a high risk rating now, increased from medium to high.

The investment objectives for the ETFs remain the same, the firm said.