Toronto-based RBC Global Asset Management Inc. (RBCGAM) has announced higher risk ratings for two RBCGAM mutual funds.
The risk ratings for RBC Retirement 2050 Portfolio and Phillips, Hager & North LifeTime 2015 Fund will change to “low to medium” from “low.”
These changes will be reflected in the renewal of the simplified prospectus for the funds and will be effective June 28.