October 08, 2024
CI Global Asset Management Launches Asset Allocation Mutual Funds, Providing Low-Cost All-in-One Portfolios
TORONTO (October 8, 2024) – CI Global Asset Management (“CI GAM”) today launched a new suite of asset allocation mutual funds, providing Canadian investors with a selection of expertly constructed, low-cost, all-in-one portfolios.
The six asset allocation mutual funds are designed to suit a range of investor risk tolerances, from conservative to growth. They are based on the CI Asset Allocation ETFs and invest in units of their respective underlying ETFs.
“These funds offer convenient one-ticket access to globally diversified portfolios tailored to specific investor profiles, all for a management fee of just 0.17% in Series F,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. “Investors benefit from the deep expertise and experience of the CI GAM investment team, which manages portfolio construction, risk management, and monitoring and rebalancing.
“By launching these mandates in a mutual fund structure, we are making these professionally managed portfolio solutions accessible to a broader range of investors.”
The new funds are:
| Mutual fund | Underlying ETF | ETF ticker (TSX) | Long-term strategic asset allocation* | |
|---|---|---|---|---|
| Fixed income | Equity | |||
| CI Conservative Asset Allocation Fund | CI Conservative Asset Allocation ETF | CCNV | 80% | 20% |
| CI Balanced Income Asset Allocation Fund | CI Balanced Income Asset Allocation ETF | CBIN | 60% | 40% |
| CI Balanced Asset Allocation Fund | CI Balanced Asset Allocation ETF | CBAL | 40% | 60% |
| CI Balanced Growth Asset Allocation Fund | CI Balanced Growth Asset Allocation ETF | CBGR | 30% | 70% |
| CI Growth Asset Allocation Fund | CI Growth Asset Allocation ETF | CGRO | 20% | 80% |
| CI Equity Asset Allocation Fund | CI Equity Asset Allocation ETF | CEQT | 0% | 100% |
* The percentage split between fixed-income and equity securities is an approximation under normal market conditions and may change at the discretion of the portfolio manager.
Series F units of the six new mutual funds have a management fee of 0.17% and an administration fee of 0.05%.
The underlying ETFs, which were launched in May 2023, invest primarily in passive equity and fixed-income ETFs from CI GAM and other ETF providers to achieve well-diversified portfolios that meet their respective risk profiles.
Lead Portfolio Managers are investment industry veterans Marc-André Lewis, President and Chief Investment Officer of CI GAM, and Stephen Lingard, Senior Vice-President and Co-Head of CI GAM’s Multi-Asset team. Both have extensive experience in asset allocation and building and managing multi-asset class portfolios.
About CI Global Asset Management
CI Global Asset Management (“CI GAM”) 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), an integrated global asset and wealth management company with approximately $509.2 billion in total assets as at August 30, 2024.
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 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.
The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.
©CI Investments Inc. 2024. All rights reserved.
Contact:
Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com
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CI Global Asset Management is a registered business name of CI Investments Inc. © CI Investments Inc. 2024. All rights reserved.