SEI Canada Adjusts Risk Rating on a Selection of Funds
TORONTO, July 9, 2018 /CNW/ -- SEI Investments Canada Company (SEI Canada), a wholly-owned subsidiary of SEI Investments Company (NASDAQ: SEIC), today announced changes to the risk ratings of several SEI Canada funds.
After conducting the regular annual review, SEI Canada has made changes to the risk ratings for certain funds, which are now disclosed in the Fund Facts and Funds' Simplified Prospectus dated June 29, 2018. No changes were made to the investment objectives or strategies of any of these funds.
More information on the risk rating methodology, which includes the historical volatility risk as measured by the standard deviation of fund performance, can be found in the prospectus referenced above.
Fund class with increased risk rating:
Fund name | Class | Risk rating as of Jun 29, 2017 | Risk rating as of Jun 29, 2018 |
Long Duration Credit Bond Fund | O | Low | Low to medium |
Fund classes with decreased risk ratings:
Fund name | Class | Risk rating as of | Risk rating as of |
U.S. Large Company Equity Fund | F(H) | Medium to high | Medium |
U.S. Large Company Equity Fund | O(H) | Medium to high | Medium |
Emerging Markets Equity Fund | E | Medium to high | Medium |
Emerging Markets Equity Fund | F | Medium to high | Medium |
Emerging Markets Equity Fund | I | Medium to high | Medium |
Emerging Markets Equity Fund | O | Medium to high | Medium |
Emerging Markets Equity Fund | R | Medium to high | Medium |
Emerging Markets Equity Fund | Z | Medium to high | Medium |
The risk rating categories are as follows:
Risk rating categories | Standard deviation range |
Low | 0% to less than 6% |
Low to medium | 6% to less than 11% |
Medium | 11% to less than 16% |
Medium to high | 16% to less than 20% |
High | 20% or greater |
About SEI Canada
SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian retail investors. SEI's Goals-Based strategies, Strategic Asset Allocation strategies and Asset Class Funds are available through select dealer relationships. For more information, visit seic.com/en-CA.
About SEI
Now in its 50th year of business, SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $869 billion USD in hedge, private equity, mutual fund and pooled or separately managed assets, including $335 billion USD in assets under management and $530 billion USD in client assets under administration. For more information, visit seic.com.
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Leslie Wojcik | Anne Hoare |
SEI | SEI |
+1 610-676-4191 | +1 416-847-6375 |
SOURCE SEI Investments Canada Company
