02:10:07 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



CI Financial Corp
Symbol CIX
Shares Issued 272,281,389
Close 2018-01-26 C$ 29.86
Market Cap C$ 8,130,322,276
Recent Sedar Documents

CI Financial changes risk rating of bond fund

2018-01-26 15:18 ET - News Release

Mr. Murray Oxby reports

CI INVESTMENTS ANNOUNCES RISK RATING CHANGE TO CI INVESTMENT GRADE BOND FUND

CI Financial Corp.'s CI Investments Inc. has changed the risk rating of CI Investment Grade Bond Fund to "low" from "low to medium."

The change will be effective immediately. The change results from the application of an industry-wide updated risk classification methodology introduced by the Canadian Securities Administrators to determine the risk level of mutual funds and is not a result of any changes to the investment objectives, strategies or management of the fund.

CI Investment Grade Bond Fund seeks to generate income and capital appreciation by investing primarily in a diversified portfolio of corporate bonds rated BBB minus and above by a recognized bond rating agency, issued anywhere in the world.

The fund's portfolio is actively managed by Toronto-based Marret Asset Management, a team that specializes in high-yield and investment-grade corporate debt assets. The fund's portfolio has been managed since inception in December, 2014, by Paul Sandhu, vice-president and portfolio manager, who has over 30 year of experience in fixed income. Marret manages approximately $4-billion in assets and is one of the largest and most experienced independent credit fixed-income managers in Canada.

About CI Investments Inc.

CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services. CI Investments is a subsidiary of CI Financial, an independent, Canadian-owned wealth management firm with $186.3-billion in assets as of Dec. 31, 2017.

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