TORONTO, May 21, 2025--(BUSINESS WIRE)--CI Global Asset Management ("CI GAM") today launched mutual fund series of three CI GAM exchange-traded funds, providing investors with expanded access to these timely investment mandates.
The funds are:
CI Global Artificial Intelligence Fund
CI Global Minimum Downside Volatility Index Fund
CI U.S. Enhanced Value Index Fund.
"At CI GAM, we are focused on providing effective and value-added investment solutions regardless of the product structure," said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.
"With these new mutual fund series, we are making these in-demand mandates available to a broader set of investors. We now manage 44 mandates in both ETF and mutual funds series, reflecting our commitment to offering one of the industry’s most comprehensive and innovative product suites."
Ms. Sinopoli noted that the three funds meet specific investor needs in today’s investment environment.
"CI Global Artificial Intelligence Fund, Canada’s largest AI-focused fund by assets, provides actively managed exposure to the AI megatrend, which – despite its substantial impact so far – is just beginning," she said. "CI Global Minimum Downside Volatility Index Fund and CI U.S. Enhanced Value Index Fund are options for investors seeking equity exposure but are concerned about economic uncertainty and potential stock market volatility.
"All three funds can serve as flexible, lower-cost building blocks for investors’ portfolios."
Dual-class structure
To effect today’s mutual fund series launches, the three funds have been converted to "dual-class" funds that now offer both ETF and mutual fund series, including Series A, F, I and P. Additionally, the funds have been renamed, as shown below. The ticker symbols have not changed.
CI Global Artificial Intelligence ETF (TSX: CIAI) has been renamed CI Global Artificial Intelligence Fund.
CI Global Minimum Downside Volatility Index ETF (TSX: CGDV, CGDV.B) has been renamed CI Global Minimum Downside Volatility Index Fund.
CI U.S. Enhanced Value Index ETF (TSX: CVLU, CVLU.B) has been renamed CI U.S. Enhanced Value Index Fund.
CI Global Artificial Intelligence Fund
The fund’s investment objective is to maximize long-term capital appreciation by investing primarily in global equity securities of companies that are actively involved in the research, development and application of artificial intelligence technologies.
The fund is actively managed by CI GAM, leveraging the deep expertise of its research team, including an experienced group of technology sector analysts. This mandate allows the managers to capitalize on emerging opportunities in the AI landscape and build a high-conviction, concentrated portfolio of 40 to 50 companies.
The fund has a Series F management fee of 0.55% and a risk rating of High.
CI Global Minimum Downside Volatility Index Fund
The fund seeks to replicate, to the extent reasonably possible, the performance of a portfolio of companies located in developed markets that exhibits a lower downside volatility than the broader developed equity markets, net of expenses.
The strategy is designed to produce a smoother experience in equity investing while its focus on minimizing downside volatility – as opposed to total volatility – allows the fund to benefit more fully from upside price movements when compared to other low-volatility mandates.
The new mutual fund series and the existing ETF C$ Hedged Series Units (CGDV) seek to replicate, to the extent reasonably possible, the performance of the Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR, net of expenses, or any successor thereto. The ETF C$ Unhedged Series Units (CGDV.B) seek to replicate, to the extent reasonably possible, the performance of the Solactive DM Minimum Downside Volatility CAD Index NTR, net of expenses, or any successor thereto.
The fund has a Series F management fee of 0.30% and a risk rating of Low-to-Medium.
CI U.S. Enhanced Value Index Fund
The fund’s investment objective is to seek to track, to the extent reasonably possible, the performance of a portfolio of large and mid-cap U.S. equity securities that exhibit high value characteristics, net of expenses.
This strategy allows investors to target U.S. stocks that are undervalued or trading at a discount to their intrinsic value using a factor-based approach that scores stocks on price-to-book, price-to-earnings and price-to-sales ratios, dividend yield and free cash flow yield.
The new mutual fund series and the existing ETF C$ Unhedged Series Units (CVLU.B) seek to track the VettaFi US Enhanced Value Index or any successor thereto. The ETF C$ Hedged Series Units (CVLU) seek to track the VettaFi US Enhanced Value Index (CAD Hedged) or any successor thereto.
The fund has a Series F management fee of 0.25% and risk rating of Medium.
About CI Global Asset Management
CI Global Asset Management ("CI GAM") is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $546.1 billion in assets as at March 31, 2025.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Returns of the Index do not represent the ETF’s returns. An investor cannot invest directly in the Index. Performance of the ETF is expected to be lower than the performance of the Index.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
Solactive AG ("Solactive") is the licensor of the Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR and the Solactive DM Minimum Downside Volatility CAD Index NTR (the "Indexes"). The financial instruments that are based on the Indexes are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Indexes; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Indexes. Solactive reserves the right to change the methods of calculation or publication with respect to the Indexes. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Indexes.
Alerian, VettaFi and the indexes are service marks of VettaFi LLC ("VettaFi") and have been licensed for use by CI Global Asset Management. The indexes are not issued, sponsored, endorsed, sold or promoted by VettaFi or its affiliates. VettaFi makes no representation or warranty, express or implied, to the purchasers or owners of the indexes or any member of the public regarding the advisability of investing in securities generally or in the indexes particularly or the ability of the indexes to track general market performance. VettaFi’s only relationship to the Indexes is the licensing of the service marks and the indexes, which is determined, composed and calculated by VettaFi without regard to CI Global Asset Management or the indexes. VettaFi is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the indexes issued by CI Global Asset Management. VettaFi has no obligation or liability in connection with the issuance, administration, marketing or the trading of the indexes.
The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.
