CI Global Asset Management Announces Risk Rating Changes for Two Funds
CI Global Asset Management has announced changes to the risk ratings of select mutual funds, effective immediately. The CI Conservative Income Personal Portfolio has shifted from a Low to a Low-to-Medium risk rating, while the CI North American Dividend Fund has changed from Low-to-Medium to Medium. These adjustments come after an annual review based on the Canadian Securities Administrators' methodology. Importantly, these rating changes do not affect the funds' investment objectives or management.
- The mutual fund risk rating adjustments reflect a thorough annual review process.
- No changes to investment objectives or fund management, maintaining investor confidence.
- The increase in risk rating for the Conservative Income Portfolio may deter conservative investors.
- The North American Dividend Fund's risk rating upgrade could imply higher volatility.
Fund |
New Rating |
Previous Rating |
Low-to-Medium |
Low |
|
Medium |
Low-to-Medium |
The 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. 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.
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 Global Asset Management is a subsidiary of
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. 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.
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 believes to be reasonable assumptions, CI Global Asset Management cannot 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. 2022. All rights reserved.
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Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com
Source: CI Global Asset Management
FAQ
What changes were made to the risk ratings for CIXX mutual funds?
When do the new risk ratings for CI mutual funds take effect?
Why were the risk ratings for CIXX mutual funds adjusted?
Do the risk rating changes affect the investment objectives of the CI mutual funds?
