15:40:21 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



CI Financial Corp
Symbol CIX
Shares Issued 156,240,227
Close 2024-01-23 C$ 16.14
Market Cap C$ 2,521,717,264
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CI Financial rolls out suite of mutual funds

2024-01-23 12:53 ET - News Release

Mr. Murray Oxby reports

CI GLOBAL ASSET MANAGEMENT LAUNCHES EQUITY FUND SUITE FOCUSING ON QUALITY, DIVIDENDS AND GROWTH

CI Financial Corp.'s CI Global Asset Management (CI GAM) has launched a suite of equity mutual funds that target dividend-paying companies with high-quality balance sheets and strong earnings growth potential. The funds use the proven investment approach followed by the CI WisdomTree Quality Dividend Growth Index ETFs.

The new equity mutual funds, which invest in units of their respective underlying ETFs, are:

  • CI WisdomTree Canada Quality Dividend Growth Index Fund;
  • CI WisdomTree U.S. Quality Dividend Growth Index Fund;
  • CI WisdomTree International Quality Dividend Growth Index Hedged Fund.

"We're pleased to be providing investors with expanded access to the successful CI WisdomTree Quality Dividend Growth mandates through the mutual fund structure," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM.

"These funds provide targeted, low-cost exposure to companies with high scores for financial strength and potential earnings growth -- making them ideal choices as core equity or dividend holdings for investors' portfolios. This multifactor strategy has a proven and consistent track record of strong performance and risk mitigation, as the funds' underlying ETFs have all achieved a four or five-star rating from Morningstar Canada."

The CI WisdomTree Quality Dividend Growth Index approach identifies quality large-cap dividend paying companies that have the profitability and growth characteristics to be able to grow their dividends over time. The strategy uses a forward-looking methodology that focuses on return on equity (ROE) and return on assets (ROA), as well as earnings growth and emphasizes those companies with the highest potential to continue increasing their dividends.

CI WisdomTree Canada Quality Dividend Growth Index Fund invests in non-hedged units of CI WisdomTree Canada Quality Dividend Growth Index ETF and has a risk rating of medium and a Series F management fee of 0.16 per cent.

CI WisdomTree U.S. Quality Dividend Growth Index Fund invests in non-hedged units of CI WisdomTree U.S. Quality Dividend Growth Index ETF and has a risk rating of medium and a Series F management fee of 0.30 per cent.

CI WisdomTree International Quality Dividend Growth Index Hedged Fund invests in hedged units of CI WisdomTree International Quality Dividend Growth Index ETF and has a risk rating of medium and a Series F management fee of 0.43 per cent.

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