Investment giant launches first suite of passive mandates and two active funds, including a new diversified liquid-alt strategy
CI Global Asset Management (CI GAM) has just launched six new ETFs, including its first-ever passive ETF suite on the NEO Exchange, and two actively managed solutions on the Toronto Stock Exchange.
“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,” said Roy Ratnavel, CI GAM’s executive vice president and head of Distribution.
The passive mandates, branded as the CI Beta ETFs, are designed to provide index-based exposure to broad markets or targeted market segments. With management fees ranging from five to 35 basis points, they offer convenient options to complement smart beta or active solutions within investment portfolios.
They include:
- CI Canadian Equity Index ETF (CCDN), a Canadian all-cap fund that tracks the performance of the Solactive Canada Broad Market Index;
- CI Global Healthcare Leaders Index ETF (CHCL.B), which aims to track the performance of the world’s 150 largest healthcare companies via the Solactive Developed Markets Healthcare 150 CAD Index;
- CI U.S. 500 Index ETF (CUSA.B), which seeks to replicate the performance of the largest 500 companies in the U.S. stock market as reflected in the Solactive GBS United States 500 CAD Index; and
- CI U.S. 1000 Index ETF (CUSM.B), which intends to track the performance of the U.S. stock market’s 1,000 largest companies.
Meanwhile, the CI Alternative Diversified Opportunities Fund is the latest addition to CI GAM’s lineup of liquid alternative funds. Sub-advised by Marret Asset Management, it’s available in both mutual fund series units as well as ETF C$ units (CMDO) and ETF US$ units (CMDO.U).
The fund offers investors exposure to Marret’s best ideas in fixed income globally, as well as tactical trading in other asset classes. Before it was renamed on August 6, 2021, it was the Marret Diversified Opportunities fund, a hedge fund launched in June 2018; it won the Canadian Hedge Fund Award for the Best One-Year Return in the Credit Focused category in 2020.
Finally, the CI Global Alpha Innovation ETF is an active strategy focused on companies that benefit from innovations and advancements in technology, products, processes, or services across sectors, geographies, and market capitalization. It’s available in ETF C$ units (CINV) as well as ETF US$ hedged series units (CINV.U).
The ETF is managed by a team led by portfolio managers Malcolm White and Jeremy Yeung, who have over 25 and 20 years of investment experience, respectively. They are also the lead PMs to the CI Global Alpha Innovators Corporate Class, which was one of the top-performing mutual funds recognized by Morningstar in 2020 and is a winner of Canada Lipper Fund Awards from Refinitiv in 2020.
