Redwood Announces Risk Rating Change to Redwood Pension Class and Redwood Unconstrained Bond Fund
December 9, 2014
TORONTO, ONTARIO–(Marketwired – Dec. 9, 2014) – Redwood Asset Management Inc. (the “Manager”) today announced a decrease to the risk rating associated with Redwood Pension Class and Redwood Unconstrained Bond Fund (the “Funds”).
The Manager applies the methodology recommended by the Fund Risk Classification Task Force of The Investment Funds Institute of Canada (the “Methodology”) in determining fund risk ratings. As a result of applying the Methodology, the Manager has assigned a risk rating of Low to Medium to the Funds.
This change will be reflected in the Redwood Simplified Prospectus dated December 3, 2014, which was filed with the Canadian securities regulators on December 8, 2014.
The investment objectives and strategies of the Funds will not change as a result of the risk rating change.