January 23, 2024
CI Global Asset Management Launches Equity Fund Suite Focusing on Quality, Dividends and Growth
Funds include Canadian, U.S. and international mandates
TORONTO (January 23, 2024) – CI Global Asset Management (“CI GAM”) announces the launch of a suite of equity mutual funds that target dividend-paying companies with high-quality balance sheets and strong earnings growth potential. The funds use the proven investment approach followed by the CI WisdomTree Quality Dividend Growth Index ETFs.
The new equity mutual funds, which invest in units of their respective underlying ETFs, are:
- CI WisdomTree Canada Quality Dividend Growth Index Fund
- CI WisdomTree U.S. Quality Dividend Growth Index Fund
- CI WisdomTree International Quality Dividend Growth Index Hedged Fund.
“We’re pleased to be providing investors with expanded access to the successful CI WisdomTree Quality Dividend Growth mandates through the mutual fund structure,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.
“These funds provide targeted, low-cost exposure to companies with high scores for financial strength and potential earnings growth – making them ideal choices as core equity or dividend holdings for investors’ portfolios. This multi-factor strategy has a proven and consistent track record of strong performance and risk mitigation, as the funds’ underlying ETFs have all achieved a four or five-star rating from Morningstar Canada.*”
The CI WisdomTree Quality Dividend Growth Index approach identifies quality large-cap dividend paying companies that have the profitability and growth characteristics to be able to grow their dividends over time. The strategy uses a forward-looking methodology that focuses on return on equity (ROE) and return on assets (ROA) as well as earnings growth and emphasizes those companies with the highest potential to continue increasing their dividends.
CI WisdomTree Canada Quality Dividend Growth Index Fund invests in Non-Hedged Units of CI WisdomTree Canada Quality Dividend Growth Index ETF (TSX: DGRC) and has a risk rating of medium and a Series F management fee of 0.16%.
CI WisdomTree U.S. Quality Dividend Growth Index Fund invests in Non-Hedged Units of CI WisdomTree U.S. Quality Dividend Growth Index ETF (TSX: DGR.B) and has a risk rating of medium and a Series F management fee of 0.30%.
CI WisdomTree International Quality Dividend Growth Index Hedged Fund invests in Hedged Units of CI WisdomTree International Quality Dividend Growth Index ETF (TSX: IQD) and has a risk rating of medium and a Series F management fee of 0.43%.
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.
CI Global Asset Management is licensed by WisdomTree, Inc. to use certain WisdomTree indexes (the “WisdomTree Indexes”) and WisdomTree marks. “WisdomTree®” is a registered trademark of WisdomTree, Inc. and WisdomTree, Inc. has patent applications pending on the methodology and operation of its indexes. The mutual funds and ETFs referring to such indexes (the “WT Licensee Products”) are not sponsored, endorsed, sold, or promoted by WisdomTree, Inc., or its affiliates ("WisdomTree"). WisdomTree makes no representation or warranty, express or implied, and shall have no liability regarding the advisability, legality (including the accuracy or adequacy of descriptions and disclosures relating to the WT Licensee Products) or suitability of investing in or purchasing securities or other financial instruments or products generally, or of the WT Licensee Products in particular (including, without limitation, the failure of the WT Licensee Products to achieve their investment objectives) or regarding use of such indexes or any data included therein.
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
416-681-3254
moxby@ci.com
Contact
CI Global Asset Management is a registered business name of CI Investments Inc. © CI Investments Inc. 2024. All rights reserved.