Newly launched ETFs give exposure to rapidly growing areas at the forefront of technological progress and innovation
CI Global Asset Management is deepening its thematic funds lineup with the launch of two new ETFs.
The CI Bio-Revolution ETF and the CI Digital Security ETF – which are now trading on the Toronto Stock Exchange under the tickers CDNA and CBUG, respectively – provide exposure to rapidly growing sectors at the forefront of innovation and technological development.
“The new ETFs allow investors to focus on the exceptional growth potential of two dynamic, innovative sectors of the global economy – biotechnology and cybersecurity,” Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM, said in a statement. “The ETFs also offer a low management fee for thematic ETF investing of 0.40% and index provider Solactive’s unique and proprietary approach to index construction.
He added, “With CDNA and CBUG, we continue to extend CI GAM’s extensive lineup of thematic ETFs, having in the past 12 months launched ETFs focused on cryptocurrencies, emerging markets, technology, and climate change. These and other new mandates, including alternative investments and the CI Beta suite of passive ETFs, demonstrate our commitment to being the premier provider of quality ETF solutions in Canada.”
With $15.1 billion in assets under management and a broad selection of 78 passive, smart beta and actively managed mandates, CI GAM’s ETF lineup is among the largest and most comprehensive in Canada, Ratnavel said.
The CI Bio-Revolution ETF is geared towards keeping track of the Solactive Global Genomics Immunology and Medical Revolution CAD Hedged Index NTR's price and performance, offering customized exposure to firms that have the potential to be profoundly modified by genetic and biotechnology developments.
In addition, CDNA invests in firms that are advantageously aligned with advancements in health care goods, genetics, life science tools and analytics, cancer treatments, and vaccine discoveries, among other areas.
CI Digital Security ETF supports focused exposure to companies that are on the cutting edge of fortifying and defending networks and systems against cyber threats. CBUG intends to track the Solactive Digital Security CAD Hedged Index NTR's price and performance.
Moreover, CBUG capitalizes in firms involved in digital security technologies, digital security management, digital security software, and digital security platforms that will benefit from increased usage of cybersecurity technology.
To select firms for the ETFs’ underlying indices, Solactive uses a proprietary natural language processing system, ARTIS, a ground-breaking multidimensional classification tool that identifies company thematic exposures.
CI GAM also revealed that Hedged US$ Common Units for four covered call ETFs will commence trading on the TSX.
Subject to TSX approval, the following new ETF series and tickers will be launched on or about March 8, 2022:
- CI Gold+ Giants Covered Call ETF (CGXF.U);
- CI Health Care Giants Covered Call ETF (FHI.U);
- CI Energy Giants Covered Call ETF (NXF.U);
- CI Tech Giants Covered Call ETF (TXF.U).
