Skip to main content

April 21, 2021

CI Global Asset Management Announces ETF Name Changes and Risk Rating Changes

TORONTO (April 21, 2021) – CI Global Asset Management (“CI GAM”) today announced a series of changes to its ETF lineup, including risk rating changes and name changes. CI GAM also announced a risk rating change for CI Global Infrastructure Private Pool.

 

In the name changes, which affect 35 ETFs, “CI First Asset” will be replaced with “CI” only, removing the legacy First Asset name from the lineup.

 

“This change fully aligns our ETFs with the CI GAM brand, which represents the strength and expertise of a major asset manager,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM.

 

“We have grown our ETF business to $12.5 billion in assets with 70 ETFs [as at March 31, 2021], maintaining CI GAM as one of the largest ETF providers in Canada. Our comprehensive lineup includes a diverse offering of actively managed and factor-based ETFs, as well as innovative options such as liquid alternatives and, as of this year, a bitcoin ETF and an Ethereum ETF. The name changes announced today are just part of our commitment to the continued enhancement and modernization of our ETF offering and the entire CI GAM lineup.”

 

Name changes

 

The following name changes will be effective April 22, 2021 and the ETF tickers will be unchanged:

 

Current Name New Name Ticker Symbol
CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF CI 1-5 Year Laddered Government Strip Bond Index ETF BXF
CI First Asset Active Canadian Dividend ETF CI Active Canadian Dividend ETF FDV
CI First Asset Active Credit ETF CI Active Credit ETF FAO, FAO.U
CI First Asset Active Utility & Infrastructure ETF CI Active Utility & Infrastructure ETF FAI
CI First Asset Canadian Convertible Bond ETF CI Canadian Convertible Bond ETF CXF
CI First Asset Canadian REIT ETF CI Canadian REIT ETF RIT
CI First Asset Energy Giants Covered Call ETF CI Energy Giants Covered Call ETF NXF, NXF.B
CI First Asset Enhanced Government Bond ETF CI Enhanced Government Bond ETF FGO, FGO.U
CI First Asset Enhanced Short Duration Bond Fund CI Enhanced Short Duration Bond Fund* FSB, FSB.U
CI First Asset Global Financial Sector ETF CI Global Financial Sector ETF FSF
CI First Asset Gold+ Giants Covered Call ETF CI Gold+ Giants Covered Call ETF CGXF
CI First Asset Health Care Giants Covered Call ETF CI Health Care Giants Covered Call ETF FHI, FHI.B
CI First Asset High Interest Savings ETF CI High Interest Savings ETF CSAV
CI First Asset Investment Grade Bond ETF CI Investment Grade Bond ETF FIG, FIG.U
CI First Asset Morningstar Canada Momentum Index ETF CI Morningstar Canada Momentum Index ETF WXM
CI First Asset Morningstar Canada Value Index ETF CI Morningstar Canada Value Index ETF FXM
CI First Asset Morningstar International Momentum Index ETF CI Morningstar International Momentum Index ETF ZXM, ZXM.B
CI First Asset Morningstar International Value Index ETF CI Morningstar International Value Index ETF VXM, VXM.B
CI First Asset Morningstar National Bank Québec Index ETF CI Morningstar National Bank Québec Index ETF QXM
CI First Asset Morningstar US Momentum Index ETF CI Morningstar US Momentum Index ETF YXM, YXM.B
CI First Asset Morningstar US Value Index ETF CI Morningstar US Value Index ETF XXM, XXM.B
CI First Asset MSCI Canada Low Risk Weighted ETF CI MSCI Canada Low Risk Weighted ETF RWC
CI First Asset MSCI Europe Low Risk Weighted ETF CI MSCI Europe Low Risk Weighted ETF RWE, RWE.B
CI First Asset MSCI International Low Risk Weighted ETF CI MSCI International Low Risk Weighted ETF RWX, RWX.B
CI First Asset MSCI USA Low Risk Weighted ETF CI MSCI USA Low Risk Weighted ETF RWU, RWU.B
CI First Asset MSCI World ESG Impact ETF CI MSCI World ESG Impact ETF CESG, CESG.B
CI First Asset MSCI World Low Risk Weighted ETF CI MSCI World Low Risk Weighted ETF RWW, RWW.B
CI First Asset Preferred Share ETF CI Preferred Share ETF FPR
CI First Asset Tech Giants Covered Call ETF CI Tech Giants Covered Call ETF TXF, TXF.B
CI First Asset U.S. & Canada Lifeco Income ETF CI U.S. & Canada Lifeco Income ETF FLI
CI First Asset U.S. TrendLeaders Index ETF CI U.S. TrendLeaders Index ETF SID
CI First Asset CanBanc Income Class ETF CI Canadian Banks Income Class ETF CIC
CI First Asset Core Canadian Equity Income Class ETF CI Core Canadian Equity Income Class ETF CSY
CI First Asset MSCI Canada Quality Index Class ETF CI MSCI Canada Quality Index Class ETF FQC
CI First Asset Short Term Government Bond Index Class ETF CI Short Term Government Bond Index Class ETF FGB

* The series names for this ETF will be changed effective April 22, 2021, with the Common Units (FSB) being renamed ETF C$ Series and the US$ Common Units (FSB.U) being renamed ETF US$ Series.

 

Risk rating changes

 

The following risk rating changes are effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds.

 

  Ticker Current Risk Rating New Risk Rating
CI Global Infrastructure Private Pool (Series A, Series F and Series I) n/a Medium Low-to-Medium
CI Global Infrastructure Private Pool (ETF C$ Series) CINF Medium
CI Global Financial Sector ETF FSF Medium-to-High High
CI MSCI Europe Low Risk Weighted ETF RWE Low-to-Medium Medium
CI MSCI International Low Risk Weighted ETF RWX Low-to-Medium Medium
CI Morningstar Canada Momentum Index ETF WXM Low-to-Medium Medium
CI Morningstar Canada Value Index ETF FXM Medium Medium-to-High
CI Morningstar National Bank Québec Index ETF QXM Low-to-Medium Medium
CI Morningstar US Value Index ETF XXM Medium-to-High High
XXM.B Medium High

About CI Global Asset Management

 

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $240.6 billion in total assets as at March 31, 2021.

 

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

 

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.

 

CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2021. All rights reserved.

 

Contact

Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
[email protected]