CIBC Asset Management Updates Risk Ratings for Certain Renaissance Funds

CIBC Asset Management Inc. today announced changes to the risk ratings of the Renaissance Investments mutual funds listed below.

The changes will be reflected in the renewal of the Renaissance Investments family of funds, Axiom Portfolios and Renaissance Private Pools Simplified Prospectus. These changes are effective on or about July 25, 2019.

The new risk ratings were determined in accordance with the risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the affected funds. The risk rating for each fund is reviewed at least annually or whenever the existing investment risk level is no longer appropriate.