Invesco Canada has lowered the risk rating of three of its mutual funds.
Effective July 31, Invesco has changed the risk rating of the following funds from "low to medium" to "low":
- Invesco Intactive 2023 Portfolio
- Invesco Intactive Diversified Income Portfolio
- Invesco Intactive Diversified Income Portfolio Class
Invesco says that these new ratings are simply a more accurate description of the funds’ risk profiles. "The new risk ratings do not reflect any changes to the investment objectives, investment strategies or management of these funds," explains the company.
The changes have been filed with Canadian securities regulators, and are reflected in the simplified prospectus and Fund Facts documents.