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August 1, 2023

Smart Switch DCA™, a New Service from CI Global Asset Management, Provides a Systematic Approach to Investing in Uncertain Markets

TORONTO (August 1, 2023)CI Global Asset Management (“CI GAM”) today introduces Smart Switch DCA™, a new service that simplifies investing by providing automated dollar cost averaging into CI GAM funds.

Dollar cost averaging is simply the strategy of investing a fixed amount at regular intervals. Under Smart Switch DCA, an investor’s money is switched, on a weekly basis, from CI High Interest Savings Fund to a target fund or funds of the investor’s choosing. More than 155 CI GAM mutual funds are eligible to be selected as target funds.

“Over the past 18 months, investors have boosted their holdings in cash products such as CI High Interest Savings Fund, which has provided capital preservation and income in an unstable environment,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM.

“For investors who are ready to start deploying cash into other mandates, but are concerned about the direction of the markets, Smart Switch DCA provides a prudent and systematic approach. Dollar cost averaging maintains discipline in volatile conditions. Additionally, the strategy may result in investors averaging down the cost of their investment over time.”

Smart Switch DCA offers a convenient, streamlined process to arrange transfers from CI High Interest Savings Fund to other funds by using unique fund codes. Switches are made weekly for a period of one year. Investors can set up the Smart Switch DCA service through their financial advisor and it can be easily modified or ended at any time.

About CI Global Asset Management

CI Global Asset Management (“CI GAM”) 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 CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $398.9 billion in assets as at June 30, 2023.

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 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 Global Asset Management is a registered business name of CI Investments Inc.

Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management