January 18, 2024
CI Global Asset Management Expands Access to its Private Pools
TORONTO (January 18, 2024) – CI Global Asset Management (“CI GAM”) announces it is reducing the minimum initial investment on its lineup of private pools to $5,000 from $25,000, effective today. The CI Private Pools consist of 17 mandates spanning a range of geographies, investment styles and asset classes.
“We made this change in response to demand from our advisor partners, so they can offer these compelling solutions to a broader range of clients,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.
“Advisors appreciate the CI Private Pools’ simplified fee structure and focused investment strategies, which provide flexibility in constructing portfolios customized to investors’ individual needs. The pools have strong performance, with 85% of assets under management holding a four or five-star rating from Morningstar Canada.*”
The actively managed CI Private Pools leverage the capabilities of the CI GAM investment team, a group of over 100 investment professionals whose expertise spans global industry sectors, asset classes, and geographies. CI GAM funds received 19 LSEG Lipper Fund Awards for 2023, more than any other fund company. The private pools lineup also includes specialist sub-advisors Black Creek Investment Management and Marret Asset Management.
The CI Private Pools are available in Series A and F and have a flat-fee structure, with management fees for Series F ranging from 0.45% to 0.55% for fixed-income solutions and from 0.65% to 0.70% for equity solutions. The balanced solution has a management fee of 0.60%.
More information about the CI Private Pools is available on the CI GAM website.
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 $444.8 billion in assets as at December 31, 2023.
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.
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.
* © 2024 Morningstar Research, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Rating is for the Series F securities only; other series may have different performance characteristics.
Morningstar Ratings reflect performance as of December 31, 2023 and are subject to change monthly. The ratings are calculated from a fund’s 3, 5 and 10-year returns measured against 91-day Treasury bill and peer group returns. For each time period the top 10% of the funds in a category get five stars. The Overall Rating is a weighted combination of the 3, 5 and 10-year ratings. For greater detail see www.morningstar.ca.
The LSEG 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 LSEG 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 LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.
Contact:
Murray Oxby
Vice-President, Corporate Communications
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.