July 10, 2026
The New Era of Hyperscalers Issuance
KEY SUMMARY POINTS
- Artificial intelligence is driving a significant infrastructure investment cycle. Hyperscalers are at the helm driving expected capex spending into the trillions through 2030.
- Google and Amazon tapped the Canadian investment grade market, marking their inaugural deals denominated in Canadian dollar. Mega-cap issuers have diversified from US dollar issuance to expand their access to capital markets and grow a broader investment base.
- CI GAM’s institutional platform enables access to large, often oversubscribed new issues, backed by deep credit due diligence expertise.
To open this article in a shareable format, click here.
GLOSSARY:
Fiscal policy: Measures a government takes to influence the direction of the economy (e.g., tax rate increases or decreases, government spending increases or decreases).
Leverage: An investment strategy of using borrowed money - specifically, the use of various financial instruments or borrowed capital - to increase the potential return of an investment.
Volatility: Measures how much the price of a security, derivative, or index fluctuates. The most commonly used measure of volatility when it comes to investment funds is standard deviation.
DXY: The term DXY refers to the U.S. Dollar Index, which measures the value of the U.S. dollar relative to a basket of six major foreign currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It serves as a benchmark for the strength of the U.S. dollar in the global market.
About the Author
The Investment Advisory team is a specialized group within CI Global Asset Management, organized by asset class coverage and focused on providing product expertise and strategic guidance across CI GAM’s advised and sub advised strategies. The team works closely with Portfolio Management, the Distribution team, and institutional partners to refine product positioning and deliver actionable, competitive insights for advisors and investors. With deep expertise in investment strategy, the team supports the continued growth of CI GAM’s investment solutions.
IMPORTANT DISCLAIMERS
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. 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.
The author and/or a member of their immediate family may hold specific holdings/securities discussed in this document. Any opinion or information provided are solely those of the author and does not constitute investment advice or an endorsement or recommendation of any entity or security discussed or provided by CI Global Asset Management.
Certain names, words, titles, phrases, logos, icons, graphics, or designs in this document may constitute trade names, registered or unregistered trademarks or service marks of CI Investments Inc., its subsidiaries, or affiliates, used with permission. All other marks are the property of their respective owners and are used with permission.
Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI Global Asset Management has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.
Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe” or “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management and the portfolio manager believe to be reasonable assumptions, neither CI Global Asset Management nor the portfolio manager can assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
CI Global Asset Management is a registered business name of CI Investments Inc.
© CI Investments Inc. 2026. All rights reserved.
Published June 25, 2026
