Marquest Asset Management Inc.

Marquest Asset Management Inc.

July 23, 2015 16:04 ET

Marquest Asset Management Inc. Announces Risk Rating Changes to Certain Funds

TORONTO, ONTARIO--(Marketwired - July 23, 2015) - Marquest Asset Management Inc. ("Marquest") today announced changes to the investment risk level of certain Marquest Funds.

Marquest determines the risk rating for the Marquest Funds in accordance with the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. As a result of its annual review of the investment risk level of the Marquest Funds, Marquest has determined that the investment risk level of seven of the Marquest Funds has changed as indicated below. These changes will be reflected in the simplified prospectus of the Marquest Funds which will be filed with Canadian securities regulators in connection with the funds' 2015 annual renewal.

Fund Current Rating New Rating
Marquest Monthly Pay Fund Medium Low to medium
Marquest Monthly Pay Fund (Corporate Class) Medium Low to medium
Marquest Global Balanced Fund Medium Low
Marquest Covered Call Canadian Banks Plus Fund Medium Low to medium
Marquest Covered Call Canadian Banks Plus Fund (Corporate Class) Medium Low to medium
Marquest American Dividend Growth Fund Medium Low to medium
Marquest American Dividend Growth Fund (Corporate Class) Medium Low to medium

The new risk ratings are not as a result of any changes to the investment objectives, strategies or portfolio management of the affected funds.

About Marquest Asset Management Inc.

Marquest provides diversified asset and wealth management for both individuals and institutional investors.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Marquest Asset Management Inc.
    Andrew A. McKay
    President
    416-777-7312