CI GAM's new ETF and fund provide access to a global portfolio of dividend-paying companies with growth potential
CI Global Asset Management (CI GAM) has launched the CI Global Quality Dividend Growth Index Fund and CI Global Quality Dividend Growth Index ETF.
These new offerings provide investors with access to a global portfolio of high-quality, dividend-paying companies with strong earnings growth potential.
The CI Global Quality Dividend Growth Index ETF has completed its initial offering of Non-Hedged Units, now trading on the Toronto Stock Exchange (TSX) under the ticker CGQD.B.
The new mutual fund and ETF expand CI GAM’s ‘Quality Dividend Growth Index’ suite, which already includes US, Canadian, and international mandates available in both mutual fund and ETF structures.
“With today’s launches, we are meeting demand for a global portfolio based on the proven quality dividend growth index approach,” said Jennifer Sinopoli, executive vice-president, and head of Distribution for CI GAM.
“The result is a mandate that’s well suited to serve as a core portfolio holding for global equities due to its low cost, broad diversification, and focus on large, high-quality dividend-paying companies across developed markets.”
The CI Global Quality Dividend Growth Index ETF seeks to track, as closely as possible, the price and yield performance of a fundamentally weighted index that provides exposure to dividend-paying companies with growth and quality characteristics from developed markets.
CGQD.B aims to replicate the performance of the WisdomTree Global Quality Dividend Growth CAD Index.
The CI Global Quality Dividend Growth Index Fund invests all or nearly all its assets in units of the CI Global Quality Dividend Growth Index ETF (CGQD.B), which shares the same portfolio advisor and investment objectives as the fund.
The Quality Dividend Growth Index approach identifies large-cap companies with the potential to grow dividends over time.
It employs a methodology that focuses on return on equity, return on assets, and earnings growth, selecting companies with strong potential to increase dividends.
“This thoughtful, multi-factor strategy seeks to harness the power of growing dividends while overcoming some of the shortcomings of traditional passive index approaches, which tend to be backward-looking and susceptible to risks that include pricing bubbles and concentration risk,” added Sinopoli.
CGQD.B has a management fee of 0.45 percent, while the CI Global Quality Dividend Growth Index Fund carries a Series F management fee of 0.40 percent and an administration fee of 0.05 percent. Both funds have a risk rating of Medium.
The CI Quality Dividend Growth Index Suite also includes:
- CI US Quality Dividend Growth Index ETF
- CI International Quality Dividend Growth Index ETF
- CI Canada Quality Dividend Growth Index ETF
- CI US Quality Dividend Growth Index Fund
- CI International Quality Dividend Growth Index Hedged Fund
- CI Canada Quality Dividend Growth Index Fund
