New CI GAM mutual funds offer investors a range of options based on different risk profiles and goals
CI Global Asset Management (CI GAM) has launched six new asset allocation mutual funds, expanding access to diverse investment portfolios for Canadian investors.
These funds align with varying risk tolerances, from conservative to growth-oriented, by investing in underlying CI Asset Allocation ETFs.
Jennifer Sinopoli, executive vice-president, and head of Distribution for CI GAM emphasized the convenience and expertise of these funds.
She stated, “These funds offer convenient one-ticket access to globally diversified portfolios tailored to specific investor profiles, all for a management fee of just 0.17 percent in Series F.”
She added that the mutual fund structure allows broader accessibility to these portfolios.
The table below outlines the new mutual funds, their underlying ETFs, and long-term strategic asset allocation:
|
Mutual Fund |
Underlying ETF |
ETF Ticker (TSX) |
Fixed Income |
Equity |
|---|---|---|---|---|
|
CI Conservative Asset Allocation Fund |
CI Conservative Asset Allocation ETF |
CCNV |
80 percent |
20 percent |
|
CI Balanced Income Asset Allocation Fund |
CI Balanced Income Asset Allocation ETF |
CBIN |
60 percent |
40 percent |
|
CI Balanced Asset Allocation Fund |
CI Balanced Asset Allocation ETF |
CBAL |
40 percent |
60 percent |
|
CI Balanced Growth Asset Allocation Fund |
CI Balanced Growth Asset Allocation ETF |
CBGR |
30 percent |
70 percent |
|
CI Growth Asset Allocation Fund |
CI Growth Asset Allocation ETF |
CGRO |
20 percent |
80 percent |
|
CI Equity Asset Allocation Fund |
CI Equity Asset Allocation ETF |
CEQT |
0 percent |
100 percent |
The percentage split between fixed-income and equity securities is approximate and may change under the portfolio manager's discretion.
Lead Portfolio Managers Marc-André Lewis, CI GAM’s president and chief investment officer, and Stephen Lingard, senior vice-president, and co-head of CI GAM’s Multi-Asset team, oversee these funds.
This launch introduces a low-cost solution for investors seeking a professionally managed, diversified portfolio.
