Home Breadcrumb caret Industry News Breadcrumb caret Industry CIBC lowers risk ratings for two funds Renaissance currency and real estate funds are affected By Staff | July 26, 2019 | Last updated on July 26, 2019 1 min read © Sinisa Botas / 123RF Stock Photo Toronto-based CIBC Asset Management Inc. has lowered the risk ratings for two of its Renaissance Investments mutual funds. The Renaissance U.S. Equity Growth Currency Neutral Fund risk rating has been lowered from “medium to high” to “medium,” and the Renaissance Global Real Estate Currency Neutral Fund risk rating has been lowered from “high” to “medium to high.” The investment objectives, investment strategies and management of the affected funds remain the same, CIBC said in a release. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo