Ms. Jennifer Sinopoli reports

CI GLOBAL ASSET MANAGEMENT EXPANDS ACCESS TO ITS PRIVATE POOLS

CI Financial Corp.'s CI Global Asset Management (CI GAM) is reducing the minimum initial investment on its lineup of private pools to $5,000 from $25,000, effective today. The CI private pools consist of 17 mandates spanning a range of geographies, investment styles and asset classes.

"We made this change in response to demand from our adviser partners, so they can offer these compelling solutions to a broader range of clients," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM.

"Advisers appreciate the CI Private Pools' simplified fee structure and focused investment strategies, which provide flexibility in constructing portfolios customized to investors' individual needs. The pools have strong performance, with 85 per cent of assets under management holding a four- or five-star rating from Morningstar Canada."

The actively managed CI private pools leverage the capabilities of the CI GAM investment team, a group of over 100 investment professionals whose expertise spans global industry sectors, asset classes and geographies. CI GAM funds received 19 LSEG Lipper Fund Awards for 2023, more than any other fund company. The private pools lineup also includes specialist subadvisers Black Creek Investment Management and Marret Asset Management.

The CI private pools are available in Series A and F and have a flat-fee structure, with management fees for Series F ranging from 0.45 per cent to 0.55 per cent for fixed-income solutions and from 0.65 per cent to 0.70 per cent for equity solutions. The balanced solution has a management fee of 0.60 per cent.