Evolve Funds Group has changed the risk ratings for certain ETFs.
The firm announced the following changes on Friday:
- The Evolve Cyber Security Index Fund decreased to medium from medium to high.
- The Evolve North American Gender Diversity Index Fund now has a low to medium rating, reduced from medium.
- The Evolve Automobile Innovation Index Fund’s rating increased to high from medium to high.
- The Evolve US Banks Enhanced Yield Fund also has a high risk rating now, increased from medium to high.
The investment objectives for the ETFs remain the same, the firm said.