CI Global Asset Management Continues Expansion of ETF Lineup with U.S. Inflation-Linked Bond and Actively Managed Emerging Markets ETFs

Rhea-AI Summary

CI Global Asset Management announced the launch of two new exchange-traded funds (ETFs) to expand its product lineup over 70 ETFs. The CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged) aims to replicate the performance of a TIPS index and trades under the symbol CTIP, with a management fee of 0.15%. The CI Emerging Markets Alpha ETF is actively managed and focuses on quality companies in emerging markets, trading under symbols CIEM and CIEM.U. CI GAM has launched 14 new ETFs this year, reflecting its commitment to modernizing asset management.

Positive

• Launch of two new ETFs enhances CI GAM's product diversity.
• CI U.S. Treasury Inflation-Linked Bond Index ETF offers a low management fee of 0.15%.
• CI Emerging Markets Alpha ETF managed by experienced team with a proven track record.
• CI GAM's 14 ETF launches in 2021 demonstrates strong product development.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- CI Global Asset Management (“CI GAM”) today announced the launch of two exchange-traded funds, further enhancing and diversifying its extensive lineup of more than 70 passive, smart beta and actively managed mandates.

• CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged) begins trading today on the NEO Exchange under the ticker symbol CTIP. The ETF seeks to replicate, to the extent reasonably possible, the performance of a Canadian-dollar hedged, U.S. Treasury Inflation-Protected Securities (“TIPS”) index, net of expenses. This passively managed, index-based ETF is the latest addition to the new CI Beta suite of ETFs, which allow investors to access broad markets or targeted market segments at a very low cost.

• CI Emerging Markets Alpha ETF begins trading today on the Toronto Stock Exchange under the ticker symbols CIEM (ETF C$ Series Units) and CIEM.U (ETF US$ Hedged Series Units). This actively managed ETF invests in quality companies that have long-term growth potential located in or serving customers in emerging markets and allows investors to benefit from the economic rebound in these markets.

“CI GAM offers a comprehensive selection of ETFs ranging from passive to smart beta and actively managed approaches, and covering a wide range of asset classes, sectors and geographies,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “With these new ETFs, we continue to build on the choices available to advisors and investors.”

Today’s launches are the latest in a series from CI GAM, one of Canada’s largest ETF providers with $14.2 billion in ETF assets under management.

“This year alone, we have launched 14 new ETFs, including mandates focused on bitcoin, ether, gold bullion, climate change, global growth equities, and technology and innovation, along with a suite of passive solutions and two alternative ETFs,” Mr. Ratnavel said. “Many of these are also available as mutual funds, ensuring that investors can access our expertise in the investment structure they prefer. Other CI GAM launches this year Include a family of segregated funds, ESG portfolios, and a private equity fund.

“This rapid pace of product development reflects our commitment to meeting diverse client needs and executing on our strategic priority of modernizing our asset management business.”

CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged)

CTIP seeks to replicate the performance of the Solactive U.S. Treasury Inflation-Linked Bond Hedged to CAD TR Index. The index is a rules-based, market value-weighted index engineered to measure the performance of TIPS issued by the U.S., with foreign currency exposure hedged back to the Canadian dollar. The index is constructed by Solactive, an innovative provider of indexes and index solutions to the global financial services industry.

With a management fee of just 0.15%, CTIP serves as a convenient, cost-effective way to add an inflation-protected fixed-income source to a portfolio and to complement other equity and fixed-income solutions. CTIP joins four equity mandates in the recently launched CI Beta ETF lineup, CI GAM’s first-ever family of passively managed ETFs. These ETFs, which are also listed on the NEO Exchange, include CI Canadian Equity Index ETF (CCDN), CI Global Healthcare Leaders Index ETF (CHCL.B), CI U.S. 1000 Index ETF (CUSM.B) and CI U.S. 500 Index ETF (CUSA.B). CTIP pays a monthly distribution.

CI Emerging Markets Alpha ETF

CIEM allows investors to access CI GAM’s successful approach to emerging markets investing in an ETF and is a strong addition to CI GAM’s extensive lineup of actively managed ETFs. The portfolio is managed by CI GAM’s dedicated and experienced team of emerging markets specialists, led by Portfolio Manager Matthew Strauss, who has 27 years of investment experience. This team works closely with CI GAM’s global sector specialists on research and security selection.

Mr. Strauss and the CI GAM team have produced excellent results managing CI Emerging Markets Fund over the past 10 years, achieving an overall five-star Morningstar Rating and outperforming its category average and benchmark index.*

CIEM allows investors to benefit from the superior growth potential of emerging economies relative to developed markets in the coming years and to add an important element of diversification to their portfolios. The CI GAM team believes that emerging markets offer increasingly appealing investment opportunities as these economies transition from a focus on labour and commodities to high-growth and value-added sectors such as technology, communications and consumer products.

For more information about CI GAM ETFs, visit firstasset.com.

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 $309.3 billion in total assets as at July 31, 2021.

*Returns as at July 31, 2021	1 yr	3yr	5yr	10 yr
CI Emerging Markets Fund (Series F)1	16.30%	9.79%	11.62%	7.28%
Average – Emerging Market Equity Category	13.54%	5.19%	7.43%	4.61%
MSCI Emerging Markets Index (CAD)	12.43%	6.43%	9.42%	6.43%
Number of funds	287	242	182	81

				1Formerly Signature Emerging Markets Fund, renamed effective July 29, 2021.
				Source: Morningstar Research, as at July 31, 2021

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. 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 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.

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.

©2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Morningstar Rating is for Series F only; other series may have different performance characteristics. Morningstar Ratings reflect performance as of July 31, 2021 and are subject to change monthly. The ratings are calculated from a fund’s three-, five- and 10-year returns measured against 91-day Treasury bill and peer group returns. For each time period, the top 10% of the funds in a category get five stars. The Overall Rating is a weighted combination of the three-, five-and 10-year ratings. For greater detail see www.morningstar.ca.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005278/en/

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Source: CI Global Asset Management

FAQ

What are the new ETFs launched by CI Global Asset Management?

CI Global Asset Management launched the CI U.S. Treasury Inflation-Linked Bond Index ETF (CTIP) and the CI Emerging Markets Alpha ETF (CIEM, CIEM.U).

What is the management fee for the CI U.S. Treasury Inflation-Linked Bond Index ETF?

The CI U.S. Treasury Inflation-Linked Bond Index ETF has a management fee of 0.15%.

What does the CI Emerging Markets Alpha ETF focus on?

The CI Emerging Markets Alpha ETF focuses on quality companies with long-term growth potential in emerging markets.

How many ETFs has CI Global Asset Management launched in 2021?

CI Global Asset Management has launched 14 new ETFs in 2021.

Where can I find more information about CI GAM's ETFs?

More information about CI GAM's ETFs can be found on their official website at firstasset.com.