{"id":429635,"date":"2021-02-04T18:40:38","date_gmt":"2021-02-04T23:40:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=429635"},"modified":"2021-02-04T18:40:38","modified_gmt":"2021-02-04T23:40:38","slug":"empire-life-investments-inc-announces-changes-in-risk-ratings-of-certain-funds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/empire-life-investments-inc-announces-changes-in-risk-ratings-of-certain-funds\/","title":{"rendered":"Empire Life Investments Inc. announces changes in risk ratings of certain funds"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO , Feb.  04, 2021  (GLOBE NEWSWIRE) &#8212; Empire Life Investments Inc. (ELII) announced that the risk ratings for the funds listed below have changed as indicated.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Fund<\/strong>\n          <\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Prior Risk Rating<\/strong>\n          <\/td>\n<td style=\"max-width:25%;width:25%;min-width:25%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>New Risk Rating<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Empire Life Emblem Balanced Portfolio<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low to medium<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Empire Life Monthly Income Mutual Fund<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low to medium<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Empire Life Emblem Moderate Growth Portfolio<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low to medium<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: bottom\">Empire Life Dividend Growth Mutual Fund<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Low to medium<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">Medium<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">Empire reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review, and are not results of any changes to the investment objectives, strategies or management of the funds.<\/p>\n<p align=\"justify\">\n        <strong>About Empire Life <\/strong>\n      <\/p>\n<p align=\"justify\">Established in 1923, Empire Life is a subsidiary of E-L Financial Corporation Limited. The Company\u2019s mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income, and achieve financial security. As of September 30, 2020 Empire Life had total assets under management of $18.2 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.<\/p>\n<p align=\"justify\">\n        <strong>About Empire Life Investments Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Empire Life Investments Inc. (ELII) is a wholly-owned subsidiary of The Empire Life Insurance Company. The company manages and offers mutual funds and is the portfolio manager of the Empire Life segregated funds.\u00a0Follow Empire Life Investments Inc. on Twitter @EmpireLifeInv or visit\u00a0www.empirelifeinvestments.ca\u00a0for more information.\u00a0<\/p>\n<p align=\"justify\">Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Mutual funds are not guaranteed and past performance may not be repeated. This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their financial advisor for details and risk factors regarding specific strategies and various investment products.<\/p>\n<p align=\"start\">Contact: <br \/> Julie Tompkins <br \/> VP, Corporate Services &amp; Chief Communications Officer <br \/> (613) 548-1890 Ext. 3301 <br \/> Julie.tompkins@empire.ca<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0NzgxNiMzOTYyMTkxIzIwODU4MjU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/783ceb60-6d91-4e9a-9c09-b6f218760030\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO , Feb. 04, 2021 (GLOBE NEWSWIRE) &#8212; Empire Life Investments Inc. (ELII) announced that the risk ratings for the funds listed below have changed as indicated. Fund Prior Risk Rating New Risk Rating Empire Life Emblem Balanced Portfolio Low Low to medium Empire Life Monthly Income Mutual Fund Low Low to medium Empire Life Emblem Moderate Growth Portfolio Low Low to medium Empire Life Dividend Growth Mutual Fund Low to medium Medium Empire reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review, and are not results of any changes to the investment objectives, strategies or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/empire-life-investments-inc-announces-changes-in-risk-ratings-of-certain-funds\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Empire Life Investments Inc. announces changes in risk ratings of certain funds&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-429635","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Empire Life Investments Inc. announces changes in risk ratings of certain funds - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/empire-life-investments-inc-announces-changes-in-risk-ratings-of-certain-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Empire Life Investments Inc. announces changes in risk ratings of certain funds - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO , Feb. 04, 2021 (GLOBE NEWSWIRE) &#8212; Empire Life Investments Inc. (ELII) announced that the risk ratings for the funds listed below have changed as indicated. Fund Prior Risk Rating New Risk Rating Empire Life Emblem Balanced Portfolio Low Low to medium Empire Life Monthly Income Mutual Fund Low Low to medium Empire Life Emblem Moderate Growth Portfolio Low Low to medium Empire Life Dividend Growth Mutual Fund Low to medium Medium Empire reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. 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