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Connor, Clark & Lunn Private Capital Changes Risk Rating for the CC&L Diversified Income Portfolio

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Connor, Clark & Lunn Private Capital Changes Risk Rating for the CC&L Diversified Income Portfolio

Canada NewsWire

VANCOUVER, July 25, 2018 /CNW/ - Connor, Clark & Lunn Private Capital Ltd. (CC&L Private Capital), the manager of the CC&L Diversified Income Portfolio, announced today that effective on or about July 25, 2018, the CC&L Diversified Income Portfolio will be changing its risk rating as indicated below. The change will be reflected in the renewal of the CC&L Diversified Income Portfolio's simplified prospectus.




Fund

Previous Risk Rating

New Risk Rating

CC&L Diversified Income Portfolio

Low to Medium

Low

 

The change is based on the new methodology mandated by the Canadian Securities Administrators and the related annual review by CC&L Private Capital to determine the risk level of publicly-offered mutual funds. The change is not a result of any modifications made to the investment objectives, strategies or management of the Fund. The manager reviews the risk rating for the Fund at least annually, and makes adjustments whenever the existing investment risk level is no longer appropriate.

About CC&L Diversified Income Portfolio

The CC&L Diversified Income Portfolio seeks to generate current income while preserving capital. The Portfolio is expected to provide modest potential for growth of capital over time with limited variability of return from year to year. The Portfolio is broadly diversified across different types of fixed income and equity securities to increase stability. Equity securities are employed to offset the risk presented by inflation and to provide the potential for capital growth. To achieve its investment objectives, CC&L Private Capital has retained a number of affiliates of the Connor, Clark & Lunn Financial Group Ltd., as portfolio managers, to invest the assets of the CC&L Diversified Income Portfolio.

About Connor, Clark & Lunn Private Capital Ltd.

Connor, Clark & Lunn Private Capital is an investment counselling firm that provides traditional and alternative investment solutions to high net worth individuals, foundations and endowments, First Nations and trusts. With offices across Canada, the firm has over 45 investment professionals and manages approximately $7.9 billion in assets. CC&L Private Capital is a part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management firm whose affiliates are collectively responsible for the management of over $76 billion in assets. www.cclprivatecapital.com.

SOURCE Connor, Clark & Lunn

View original content: http://www.newswire.ca/en/releases/archive/July2018/25/c4722.html

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