CI GAM launches new bond funds and ETF series, providing more options and flexibility for investors
CI Global Asset Management (CI GAM) has announced enhancements to its lineup of income solutions, including an expanded selection of actively managed global bond mandates.
CI GAM has renamed CI Global Unconstrained Bond Private Pool to CI Global Unconstrained Bond Fund and reduced the minimum initial investment to $500 from $5,000. They have also launched an ETF series of CI Global Unconstrained Bond Fund, which has closed its initial offering of ETF C$ Series units.
These units begin trading today on the Toronto Stock Exchange under the ticker CUBD. Additionally, CI GAM has launched CI Global Short-Term Bond Fund in both mutual fund and ETF series.
The fund has also closed its initial offering of ETF C$ Series units, which start trading today on Cboe Canada Inc. under the ticker CGSB.
“With these new mandates, we are meeting investor demand for additional options and flexibility in fixed-income investing,” said Jennifer Sinopoli, executive vice-president, and head of Distribution for CI GAM.
“Investors benefit from the deep expertise of the CI GAM fixed-income team, with experience that spans multiple mandates and asset classes, including global developed and emerging market government bonds, investment-grade and high-yield corporate bonds, currencies, derivatives and private markets.”
CI GAM manages approximately $27bn in fixed-income assets as of June 30, making it one of Canada’s largest fixed-income investment managers.
“By reducing the minimum investment for CI Global Unconstrained Bond Fund and launching an ETF series, we are providing increased access to a fixed-income mandate with a five-star rating from Morningstar Canada and an award-winning track record,” said Sinopoli.
“This fund’s flexible, ‘go-anywhere’ mandate and highly diversified portfolio make it a fitting core income holding for Canadian investors. CI Global Short-Term Bond Fund focuses on shorter-term securities globally, providing investors with diversified monthly income and the potential for higher returns compared to cash investments, without taking on exposure to long-term bonds or equities.”
CI Global Unconstrained Bond Fund
The fund's investment objective is to generate income and the potential for long-term capital appreciation by investing primarily in a diversified portfolio of fixed-income securities of any credit quality, issued by companies or governments of any size, located anywhere in the world.
This “unconstrained” mandate allows for enhanced diversification and flexibility, leveraging the CI GAM fixed-income team’s capabilities in security selection, duration construction and asset allocation.
The fund has established a strong track record since its inception in October 2018, earning an Overall Morningstar Rating of five stars for both Series A and F, and winning a FundGrade A+ Award for 2023.
CI Global Short-Term Bond Fund
The fund’s investment objective is to provide higher amounts of interest income and capital appreciation potential relative to cash while pursuing safety of capital through investments in short-duration fixed-income securities and short-term notes.
The fund’s global mandate complements CI GAM’s existing Canadian-focused short-term bond funds.
It invests primarily in fixed-income securities with a duration profile of one to three years, which may include cash equivalents, government bonds, investment-grade and high-yield corporate bonds, and other corporate debt instruments, securitized bonds, and collateralized loans.
