January 24, 2023
TORONTO (January 24, 2023) – CI Global Asset Management (“CI GAM”) announces that CI Global Minimum Downside Volatility Index ETF and CI U.S. Minimum Downside Volatility Index ETF begin trading today on the Toronto Stock Exchange (“TSX”) under the following tickers:
CI Global Minimum Downside Volatility Index ETF (Hedged Common Units)
CI Global Minimum Downside Volatility Index ETF (Unhedged Common Units)
CI U.S. Minimum Downside Volatility Index ETF (Hedged Common Units)
CI U.S. Minimum Downside Volatility Index ETF (Unhedged Common Units)
The ETFs seek to replicate the performance of Solactive indexes that track the performance of diversified portfolios of companies that exhibit lower downside volatility than the broader developed equity markets.
“One key to successful investing is simply avoiding losses,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “By focusing on companies with strong performance during market downturns, these mandates can play defence for investors’ portfolios. And because these ETFs seek to minimize downside volatility – as opposed to total volatility – they’re also well positioned to benefit from rising markets. Ultimately, their goal is to deliver a smoother journey to better overall long-term returns.”
“The Solactive Minimum Downside Volatility indexes were constructed to generate lower downside volatility, lower maximum drawdowns, and higher risk-adjusted returns compared to classical volatility-optimized indices,” said Timo Pfeiffer, Chief Markets Officer at Solactive. “We are pleased that CI, which is at the forefront of meeting investor requirements, has adopted this strategy as part of its ongoing enhancement of its product offerings.”
“These new ETFs kick off what will be another dynamic year of product innovation and development at CI GAM,” said Mr. Ratnavel. “In 2022, we launched nine ETFs, three dual-class funds with both mutual fund and ETF series, and three mutual funds, spanning a range of mandates that included fixed income, ESG, commodities, cryptocurrency, alternatives, and leading-edge investment themes.
“This year we will continue to modernize and enhance our lineup, building on our commitment to provide a diverse selection of timely and effective investment solutions to help advisors and investors succeed in a challenging market environment.”
CI U.S. Minimum Downside Volatility Index ETF represents a portfolio of U.S. companies and has a management fee of 0.30%. CI Global Minimum Downside Volatility Index ETF represents a portfolio of global companies and has a management fee of 0.35%.
The underlying indexes are as follows:
Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR
Solactive DM Minimum Downside Volatility CAD Index NTR
Solactive US Minimum Downside Volatility Hedged to CAD Index NTR
Solactive US Minimum Downside Volatility CAD Index NTR
A description of the indexes is available at solactive.com. More information about CI GAM’s ETF lineup is available here.
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 Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $375.8 billion in assets as at December 31, 2022.
Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). 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. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.
The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management, a wholly-owned subsidiary of CI Financial Corp. (TSX: CIX). CI Global Asset Management is a registered business name of CI Investments Inc.
Solactive AG ("Solactive") is the licensor of Solactive DM Minimum Downside Volatility Hedged to CAD Index NTR, Solactive DM Minimum Downside Volatility CAD Index NTR (the "Indices"). The financial instruments that are based on the Indices are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Indices; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Indices. Solactive reserves the right to change the methods of calculation or publication with respect to the Indices. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Indices.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. 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. These investments may not be suitable to the circumstances of an investor.
©CI Investments Inc. 2023. All rights reserved.
Vice-President, Corporate Communications
CI Global Asset Management