NCM Asset Management Ltd. Announces Risk Rating Changes of Certain Mutual Funds
May 21, 2019
CALGARY, Alberta – NCM Asset Management Ltd. (“NCM”), the manager of a strategically focused group of public mutual funds, alternative investment funds, and limited partnerships, announces today that as a result of its annual review of the investment risk level of the funds under its management, the Manager has determined that the risk ratings of certain funds have changed, as follows:
|Fund Name||Current Risk Level||Past Risk Level|
|NCM Global Income Growth Class||Low To Medium||Medium|
|NCM Short Term Income Fund||Low||Low to Medium|
|NCM Balanced Income Portfolio||Low||Low to Medium|
|NCM Conservative Income Portfolio||Low||Low to Medium|
|NCM Growth and Income Portfolio||Low||Low to Medium|
This change will be reflected in the simplified prospectus of the Fund, which will be filed with the Canadian securities regulators on May 22, 2019 in connection with the Funds’ 2019 annual renewal.
The investment objectives and strategies of the Funds will not change.
NCM is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.ncminvestments.com for more details about NCM and its investment products. For the complete disclosure record of the NCM Group of Funds, please visit www.sedar.com.
About NCM Asset Management Ltd.
For over 20 years, NCM has been one of Canada’s leaders in actively managed investment products. With an in-house portfolio management team and a family of actively managed funds, NCM has earned multiple awards recognizing its investment success. NCM is an independent Canadian investment firm with offices in Calgary and Toronto, distributing retail mutual funds and related products and services to Canadian investors, through a third party distribution channel.
For More Information:
Ellen BarbourChief Compliance Officer
Based in Calgary, Ellen is the Chief Compliance Officer and manages the Dealer and Client Services Team. Ellen has accumulated 16 years of experience in the investment industry. Ellen studied at York University and has attained her IFIC Mutual Funds License…
Chief Compliance Officer
Based in Calgary, Ellen is the Chief Compliance Officer and manages the Dealer and Client Services Team.
Ellen has accumulated 16 years of experience in the investment industry. Ellen studied at York University and has attained her IFIC Mutual Funds License and Canadian Securities Course through CSI. She has also completed the Partners, Directors and Senior Officers Exam (PDO) and the Chief Compliance Officer Qualifying Examination (CCOQ).
Notice to Reader:
Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.