CALGARY, ALBERTA--(Marketwired - June 22, 2016) - Canoe Financial LP (Canoe) today announced a change to the risk rating for Canoe Global Income Fund & Canoe Global Income Class (the Funds) from "low to medium" to "low", effective June 23, 2016. Canoe follows a risk classification methodology based on the approach recommended by the Investment Funds Institute of Canada using both quantitative and qualitative considerations conducted on an annual basis. Applying this risk rating methodology, which assesses risk primarily based upon the volatility of past returns for a mutual fund, Canoe has determined that it is appropriate to lower the expected risk rating for the Funds to "low". No changes have been made to the investment objective, strategy or management of the Funds.
Canoe has also decided to internalize management of Canoe Canadian Corporate Bond Fund which will be managed by Marc Goldfried, Canoe's Chief Investment Officer and Head of Fixed Income, starting July 4, 2016. Canoe has terminated its sub-advisory agreement with Stanton Asset Management Inc. effective July 1, 2016.
About Canoe Financial
Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and currently manages approximately $3.6 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Canoe has expanded from its Calgary head office across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.
Important information regarding the Funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the Funds' Simplified Prospectus, Annual Information Form and Fund Facts which are available on Canoe Financial's website at www.canoefinancial.com or SEDAR at www.sedar.com. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. This communication is for information purposes only and is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should consult with a financial advisor prior to making any investment decisions.