CI Global Asset Management Enhances ETF Lineup With Suite of Cost-Competitive Passive ETFs, Plus Alternative and Technology Strategies
TORONTO (August 17, 2021) - CI Global Asset Management ("CI GAM") today announced the launch of six exchange-traded funds, including its first-ever suite of passively managed mandates and two actively managed solutions.
CI GAM's passive mandates, known as the CI Beta ETFs, begin trading today on the NEO Exchange and consist of CI Canadian Equity Index ETF (CCDN), CI Global Healthcare Leaders Index ETF (CHCL.B), CI U.S. 1000 Index ETF (CUSM.B) and CI U.S. 500 Index ETF (CUSA.B).
Meanwhile, CI Global Alpha Innovation ETF (CINV, CINV.U) and CI Alternative Diversified Opportunities Fund (CMDO, CMDO.U) begin trading today on the Toronto Stock Exchange. CI Alternative Diversified Opportunities Fund, the latest entry in CI GAM's successful lineup of alternative funds, is also available in mutual funds series units.
The new funds build on CI GAM's position as one of the country's largest ETF providers, with $14.2 billion in ETF assets under management.
"At CI GAM, we are committed to being the premier provider of quality ETF solutions in Canada," said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. "We are already well known for our comprehensive offering of actively managed and smart beta ETFs. With the launch of the CI Beta ETFs, our lineup is even more complete and competitive. We are meeting advisor demand for a wider range of solutions - passive, smart beta and actively managed - that they can use to build effective portfolios to meet their clients' risk and return objectives.
"At the same time, we continue to expand our industry-leading active ETF lineup through additional mandates featuring CI GAM's proven investment capabilities in alternative strategies and technology investing."
CI Beta ETFs
CI Beta ETFs have highly competitive management fees and track indexes constructed by Solactive, an innovative provider of indexes and index solutions to the global financial services industry.
CI Beta ETFs are designed to:
- Provide cost-effective exposure to broad markets or targeted market segments
- Efficiently and optimally track the performance of their reference indexes
- Be convenient solutions to build and diversify portfolios and to complement smart beta or actively managed solutions.
The CI Beta ETF suite currently includes the following mandates. All units are unhedged.
|CI Canadian Equity Index ETF||CCDN||0.05%||Seeks to replicate the performance of the Solactive Canada Broad Market Index (CA NTR), which intends to track the performance of the all-cap segment in the Canadian market.|
|CI Global Healthcare Leaders Index ETF||CHCL.B||0.35%||Seeks to replicate the performance of the Solactive Developed Markets Healthcare 150 CAD Index (CA NTR), which intends to track the performance of the largest 150 companies from the global health-care industry.|
|CI U.S. 500 Index ETF||CUSA.B||0.08%||Seeks to replicate the performance of the Solactive GBS United States 500 CAD Index (CA NTR), which intends to track the performance of the largest 500 companies from the U.S. stock market.|
|CI U.S. 1000 Index ETF||CUSM.B||0.16%||Seeks to replicate the performance of the Solactive GBS United States 1000 CAD Index (CA NTR), which intends to track the performance of the largest 1,000 companies from the U.S. stock market.|
CI Alternative Diversified Opportunities Fund
CI Alternative Diversified Opportunities Fund is a liquid alternatives mutual fund sub-advised by Marret Asset Management Inc., a seasoned team with deep experience in alternative fixed-income strategies. Through this fund, Marret offers their best ideas in fixed income globally combined with tactical trading in other asset classes, using the investment strategies available to liquid alternative funds. The fund is designed to provide enhanced returns and diversification relative to traditional fixed income and balanced funds.
CI Alternative Diversified Opportunities Fund (formerly Marret Diversified Opportunities Fund) was a hedge fund launched in June 2018. In 2020, it was the winner of a Canadian Hedge Fund Award1 for Best One-Year Return in the Credit Focused category. Effective August 6, 2021, the fund was renamed and is now publicly available as an alternatives mutual fund offering mutual fund series units as well as ETF C$ Series (CMDO) and ETF US$ Series (CMDO.U) units.
The launch of CMDO adds to CI GAM's leadership in liquid alternatives. As at July 31, 2021, CI GAM managed $4.1 billion in liquid alternative funds, more than any other Canadian firm.
CI GAM's lineup of liquid alternative funds also includes CI Alternative Investment Grade Credit Fund, CI Marret Alternative Absolute Return Bond Fund, CI Marret Alternative Enhanced Yield Fund, CI Munro Alternative Global Growth Fund and CI Alternative North American Opportunities Fund, all of which are available in both mutual fund and ETF series. More information about CI GAM's liquid alternative fund lineup is available here.
CI Global Alpha Innovation ETF
CI Global Alpha Innovation ETF brings CI GAM's demonstrated expertise in global technology investing to the ETF platform. This actively managed ETF focuses on companies benefiting from innovations and advancements in technology, products, processes or services across sectors, geographies and market capitalization.
The portfolio is managed by CI GAM's highly experienced technology team led by Portfolio Managers Malcom White and Jeremy Yeung. They have over 25 and 20 years of investment experience, respectively, and are also lead portfolio managers of CI Global Alpha Innovators Corporate Class, which was recognized by Morningstar Canada as one of the top-performing mutual funds in 20202 and is a winner of 2020 Canada Lipper Fund Awards from Refinitiv3.
CI Global Alpha Innovation ETF is available in ETF C$ Series (CINV) and ETF US$ Hedged Series (CINV.U) units.
For more information about CI GAM ETFs, visit firstasset.com.
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 $309 billion in total assets as at July 31, 2021.
1. The annual Canadian Hedge Fund Awards are a quantitative measure, based solely on performance data to June 30, provided to, and tabulated by, Fundata Canada. The annual Canadian Hedge Fund Awards program has a two-fold objective: first, to celebrate the talent and accomplishments in Canada's hedge fund industry and second, to raise awareness of that expertise in the media and among the wider investment community.
2. For more information, see Morningstar Canada.
3. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper. CI Global Alpha Innovators Corporate Class (formerly Signature Global Technology Corporate Class) (Series A) was named best in the Sector Equity category for 3 and 5 years ending July 31, 2020 out of a classification total of 20 funds (3 years) and 19 funds (5 years). Performance for the Fund for the period ended July 31, 2021 was 57.5% (1 year), 34.5% (3 years), 32.8% (5 years) and 25.3% (10 years).
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. 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 communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. 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. These investments may not be suitable to the circumstances of an investor.
Certain statements in this document are forward-looking. Forward-looking statements ("FLS") are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "could," "expect," "anticipate," "intend," "plan," "believe," or "estimate," or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management believes to be reasonable assumptions, CI Global Asset Management cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
Marret Asset Management Inc. is the portfolio subadvisor to certain funds offered and managed by CI Global Asset Management.
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 email@example.com