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Horizons ETFs Management has lowered the risk ratings on four of its ETFs, the Toronto-based company announced in a press release on Tuesday.

The risk ratings of the Horizons S&P/TSX Capped Energy Index ETF, the Horizons Cdn High Dividend Index ETF, the Horizons US 7-10 Year Treasury Bond CAD Hedged ETF and the Horizons Equal Weight Canada REIT Index ETF have all been reduced.

Horizons said in the release that the change in risk ratings are effective immediately and that no alterations have been made to the investment objectives or strategies of the ETFs.