Mr. Roy Ratnavel reports

CI GLOBAL ASSET MANAGEMENT SIMPLIFIES INVESTING WITH NEW SUITE OF ASSET ALLOCATION ETFS

CI Financial Corp.'s CI Global Asset Management (CI GAM) has launched the CI asset allocation ETFs (exchange-traded funds), a suite of low-cost all-in-one portfolio solutions. The six ETFs, which begin trading today on the Toronto Stock Exchange, invest primarily in other ETFs to provide diversified portfolios that match a broad spectrum of investor profiles, from conservative to growth focused.

"The CI asset allocation ETFs simplify investing by providing a sophisticated, professionally managed portfolio in a convenient one-ticket solution," said Roy Ratnavel, executive vice-president and head of distribution for CI GAM. "Once an investor and their adviser choose the portfolio that meets their personal investment objectives, they can rest easy, knowing that our experts at CI GAM are overseeing portfolio construction, asset allocation, portfolio monitoring and risk management."

The CI asset allocation ETFs, which carry a management fee of 0.22 per cent, are shown in the attached table.

The CI asset allocation ETFs generally invest in a blend of passive equity and fixed-income ETFs from CI GAM and external ETF providers, resulting in portfolios that are well diversified across geographic regions, asset classes and industry sectors. The ETFs leverage CI GAM's deep expertise in asset allocation to deliver and manage portfolios tailored to a range of investor risk and return profiles. The ETFs are strategically managed by veteran investment professionals Marc-Andre Lewis and Stephen Lingard, who have extensive experience in asset allocation and multiasset class portfolios and are backed by the research capabilities of the CI GAM team.

Marc-Andre Lewis, executive vice-president and chief investment officer of CI GAM, has over 20 years of investment experience, including serving as head of portfolio construction at the Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, and as senior vice-president and deputy chief risk officer at Caisse de depot et placement du Quebec (CDPQ), where he led a team that analyzed and monitored the risks of both public and private investments in the CDPQ portfolio and was a member of its asset allocation committee.

Mr. Lingard has over 25 years of investment experience, largely focused on multiasset portfolio programs. He is currently senior vice-president and co-head of multiasset investments at CI GAM, where he shares responsibility for the firm's multiasset investments and leads the multiasset team's research efforts.

"The new CI asset allocation ETFs are part of our commitment to continually enhancing CI GAM's selection of ETFs, already one of the most comprehensive in Canada," said Mr. Ratnavel. "In modernizing our lineup, we are providing investment options to meet investors' evolving needs and preferences and helping them meet their objectives in challenging markets."

CI GAM manages approximately $18.3-billion in a lineup of more than 75 ETF mandates, including passive, smart beta, active, digital asset, ESG (environmental, social and governance), thematic, covered call and liquid alternative strategies (as at March 31, 2023).

About 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. CI GAM is a subsidiary of CI Financial, an integrated global asset and wealth management company with approximately $394.9-billion in assets as at April 30, 2023.