Risk versus value matrix with pushpins and blur effect risk assessment concept

Toronto-based Horizons ETFs Management (Canada) Inc. has announced reduced risk ratings for several covered call ETFs.

The changes to ETFs are effective immediately.

Horizons Enhanced Income Financials ETF, Horizons Enhanced Income US Equity (USD) ETF and Horizons Enhanced Income International Equity ETF have each had their risk rating change from “high” to “medium.” Horizons Enhanced Income Equity ETF’s risk rating has changed from “medium-high” to medium.”

No changes have been made to the investment objectives or strategies of these ETFs as a result of the changes to the risk ratings, Horizons says in a news release.