TORONTO (April 21, 2021) - CI Global Asset Management ("CI GAM") today announced a series of changes to its ETF lineup, including risk rating changes and name changes. CI GAM also announced a risk rating change for CI Global Infrastructure Private Pool.
In the name changes, which affect 35 ETFs, "CI First Asset" will be replaced with "CI" only, removing the legacy First Asset name from the lineup.
"This change fully aligns our ETFs with the CI GAM brand, which represents the strength and expertise of a major asset manager," said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM.
"We have grown our ETF business to $12.5 billion in assets with 70 ETFs [as at March 31, 2021], maintaining CI GAM as one of the largest ETF providers in Canada. Our comprehensive lineup includes a diverse offering of actively managed and factor-based ETFs, as well as innovative options such as liquid alternatives and, as of this year, a bitcoin ETF and an Ethereum ETF. The name changes announced today are just part of our commitment to the continued enhancement and modernization of our ETF offering and the entire CI GAM lineup."
The following name changes will be effective April 22, 2021 and the ETF tickers will be unchanged:
|Current Name||New Name||Ticker Symbol|
|CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF||CI 1-5 Year Laddered Government Strip Bond Index ETF||BXF|
|CI First Asset Active Canadian Dividend ETF||CI Active Canadian Dividend ETF||FDV|
|CI First Asset Active Credit ETF||CI Active Credit ETF||FAO, FAO.U|
|CI First Asset Active Utility & Infrastructure ETF||CI Active Utility & Infrastructure ETF||FAI|
|CI First Asset Canadian Convertible Bond ETF||CI Canadian Convertible Bond ETF||CXF|
|CI First Asset Canadian REIT ETF||CI Canadian REIT ETF||RIT|
|CI First Asset Energy Giants Covered Call ETF||CI Energy Giants Covered Call ETF||NXF, NXF.B|
|CI First Asset Enhanced Government Bond ETF||CI Enhanced Government Bond ETF||FGO, FGO.U|
|CI First Asset Enhanced Short Duration Bond Fund||CI Enhanced Short Duration Bond Fund*||FSB, FSB.U|
|CI First Asset Global Financial Sector ETF||CI Global Financial Sector ETF||FSF|
|CI First Asset Gold+ Giants Covered Call ETF||CI Gold+ Giants Covered Call ETF||CGXF|
|CI First Asset Health Care Giants Covered Call ETF||CI Health Care Giants Covered Call ETF||FHI, FHI.B|
|CI First Asset High Interest Savings ETF||CI High Interest Savings ETF||CSAV|
|CI First Asset Investment Grade Bond ETF||CI Investment Grade Bond ETF||FIG, FIG.U|
|CI First Asset Morningstar Canada Momentum Index ETF||CI Morningstar Canada Momentum Index ETF||WXM|
|CI First Asset Morningstar Canada Value Index ETF||CI Morningstar Canada Value Index ETF||FXM|
|CI First Asset Morningstar International Momentum Index ETF||CI Morningstar International Momentum Index ETF||ZXM, ZXM.B|
|CI First Asset Morningstar International Value Index ETF||CI Morningstar International Value Index ETF||VXM, VXM.B|
|CI First Asset Morningstar National Bank Québec Index ETF||CI Morningstar National Bank Québec Index ETF||QXM|
|CI First Asset Morningstar US Momentum Index ETF||CI Morningstar US Momentum Index ETF||YXM, YXM.B|
|CI First Asset Morningstar US Value Index ETF||CI Morningstar US Value Index ETF||XXM, XXM.B|
|CI First Asset MSCI Canada Low Risk Weighted ETF||CI MSCI Canada Low Risk Weighted ETF||RWC|
|CI First Asset MSCI Europe Low Risk Weighted ETF||CI MSCI Europe Low Risk Weighted ETF||RWE, RWE.B|
|CI First Asset MSCI International Low Risk Weighted ETF||CI MSCI International Low Risk Weighted ETF||RWX, RWX.B|
|CI First Asset MSCI USA Low Risk Weighted ETF||CI MSCI USA Low Risk Weighted ETF||RWU, RWU.B|
|CI First Asset MSCI World ESG Impact ETF||CI MSCI World ESG Impact ETF||CESG, CESG.B|
|CI First Asset MSCI World Low Risk Weighted ETF||CI MSCI World Low Risk Weighted ETF||RWW, RWW.B|
|CI First Asset Preferred Share ETF||CI Preferred Share ETF||FPR|
|CI First Asset Tech Giants Covered Call ETF||CI Tech Giants Covered Call ETF||TXF, TXF.B|
|CI First Asset U.S. & Canada Lifeco Income ETF||CI U.S. & Canada Lifeco Income ETF||FLI|
|CI First Asset U.S. TrendLeaders Index ETF||CI U.S. TrendLeaders Index ETF||SID|
|CI First Asset CanBanc Income Class ETF||CI Canadian Banks Income Class ETF||CIC|
|CI First Asset Core Canadian Equity Income Class ETF||CI Core Canadian Equity Income Class ETF||CSY|
|CI First Asset MSCI Canada Quality Index Class ETF||CI MSCI Canada Quality Index Class ETF||FQC|
|CI First Asset Short Term Government Bond Index Class ETF||CI Short Term Government Bond Index Class ETF||FGB|
* The series names for this ETF will be changed effective April 22, 2021, with the Common Units (FSB) being renamed ETF C$ Series and the US$ Common Units (FSB.U) being renamed ETF US$ Series.
Risk rating changes
The following risk rating changes are effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating for each of the funds it manages at least 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 the result of any changes to the investment objectives, strategies or management of the funds.
|Ticker||Current Risk Rating||New Risk Rating|
|CI Global Infrastructure Private Pool (Series A, Series F and Series I)||n/a||Medium||Low-to-Medium|
|CI Global Infrastructure Private Pool (ETF C$ Series)||CINF||Medium|
|CI Global Financial Sector ETF||FSF||Medium-to-High||High|
|CI MSCI Europe Low Risk Weighted ETF||RWE||Low-to-Medium||Medium|
|CI MSCI International Low Risk Weighted ETF||RWX||Low-to-Medium||Medium|
|CI Morningstar Canada Momentum Index ETF||WXM||Low-to-Medium||Medium|
|CI Morningstar Canada Value Index ETF||FXM||Medium||Medium-to-High|
|CI Morningstar National Bank Québec Index ETF||QXM||Low-to-Medium||Medium|
|CI Morningstar US Value Index ETFXXM||Medium-to-High||High|
About CI Global Asset Management
CI Global Asset Management is one of Canada's largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $240.6 billion in total assets as at March 31, 2021.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2021. All rights reserved.
Murray Oxby Vice-President, Corporate Communications CI Global Asset Management 416-681-3254 firstname.lastname@example.org