August 4, 2021
TORONTO (August 4, 2021) – CI Global Asset Management (“CI GAM”) today introduced the CI Mosaic ESG ETF Portfolios, which combine a focus on environmental, social and governance (“ESG”) factors with the convenience of a fully diversified portfolio.
The three CI Mosaic ESG ETF Portfolios invest in ESG-focused exchange-traded funds to construct portfolios matching a range of investor goals. They are managed by CI GAM’s Multi-Asset Management team, asset allocation experts who oversee approximately $47 billion in assets in managed solutions at CI GAM (as at June 30, 2021).
“There is a groundswell of interest in ESG investing, but a myriad of choices, with over 570 ESG-based ETFs alone in North America. We are making it easy for investors with our sophisticated one-stop ESG solutions,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “Investors benefit from our Multi-Asset Management team’s expertise in navigating the world of ESG investments and their proficiency in asset allocation, portfolio construction and risk management.”
The CI Mosaic ESG ETF Portfolios also offer a cost-effective entry to ESG investing, with highly competitive management fees ranging from 0.45% to 0.50% (Series F).
The Portfolios include:
CI Mosaic ESG ETF Portfolios are actively managed using a “core and satellite” approach. The core, which consists of diversified ETFs holding companies with high ESG ratings relative to peers, is complemented by concentrated mandates focusing on specific ESG themes and opportunities.
“The new ESG Portfolios reflect CI GAM’s commitment to responsible investing and to modernizing our asset management business,” Mr. Ratnavel said. “We continue to enhance our product lineup by launching timely and relevant investment solutions to help investors achieve their financial goals.”
The new ESG Portfolios complement the CI Mosaic ETF Portfolios, a family of five funds of ETFs launched in January 2019. The Lead Portfolio Manager of all Mosaic Portfolios is Stephen Lingard, who has over 27 years of investment industry experience, including over 13 years as a manager of multi-asset portfolios.
The new Portfolios expand CI GAM’s lineup of ESG solutions, which also includes:
CI GAM is a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI) and integrates ESG factors into its investment decision-making process for all of its investment mandates as well as proxy voting and shareholder engagement.
CI GAM also announced that it has launched U.S. dollar hedged units for CI Emerging Markets Fund, CI Emerging Markets Corporate Class and CI Global Alpha Innovators Corporate Class. Hedged series units are available for purchase in U.S. dollars and hedged against currency fluctuations between the Canadian and U.S. dollar. Series AH, FH, IH and PH units for each fund are available as of today. The new units provide additional investment choices for advisors and clients to access CI GAM mandates and accommodate the growing interest in these funds.
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 $304 billion in total assets as at June 30, 2021.
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The United Nations Principles for Responsible Investment (UNPRI) is the world's leading proponent of responsible investment. It encourages investors to use responsible investment to enhance returns and better manage risks.
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Vice-President, Corporate Communications
CI Global Asset Management