TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Redwood Asset Management Inc. (“Redwood”) announced today that it has lowered the risk rating for Redwood Pension Class (the “Fund”) from “high” to “medium”. Such change is a result of the new risk rating methodology mandated by the Canadian Securities Administrators and a review by Redwood to determine the risk level of its publicly-offered mutual funds.
No material changes have been made to the investment objective, strategies or management of the Fund. The reduction of the risk rating will be reflected in amendments to the Fund’s offering documents which will be completed in accordance with applicable securities laws.
About Redwood Asset Management Inc.
Redwood Asset Management is a Toronto-based investment fund manager, focused on delivering unique investment solutions managed by boutique global investment managers to Canadian investors. Redwood Asset Management is a wholly owned subsidiary of Purpose Investments Inc., which has over $4.9 billion in assets under management. More information about Redwood's product offerings is available at www.redwoodasset.com.
For further information:
CONTACT INFORMATION
Redwood Asset Management
Peter Shippen
President & CEO
T: 1.877.789.1517
invest@redwoodasset.com
This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to U.S. news wire services.