Press Release

CI Global Asset Management Announces ETF Name Changes and Risk Rating Changes

TORONTO–(BUSINESS WIRE)–$CIXX #CIGAMCI Global Asset Management (“CI GAM”) today announced a series of changes to its ETF lineup, including risk rating changes and name changes. CI GAM also announced a risk rating change for CI Global Infrastructure Private Pool.

In the name changes, which affect 35 ETFs, “CI First Asset” will be replaced with “CI” only, removing the legacy First Asset name from the lineup.

“This change fully aligns our ETFs with the CI GAM brand, which represents the strength and expertise of a major asset manager,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM.

“We have grown our ETF business to $12.5 billion in assets with 70 ETFs [as at March 31, 2021], maintaining CI GAM as one of the largest ETF providers in Canada. Our comprehensive lineup includes a diverse offering of actively managed and factor-based ETFs, as well as innovative options such as liquid alternatives and, as of this year, a bitcoin ETF and an Ethereum ETF. The name changes announced today are just part of our commitment to the continued enhancement and modernization of our ETF offering and the entire CI GAM lineup.”

Name changes

The following name changes will be effective April 22, 2021 and the ETF tickers will be unchanged:

Current Name

New Name

Ticker Symbol

CI First Asset 1-5 Year Laddered Government Strip Bond Index ETF

CI 1-5 Year Laddered Government Strip Bond Index ETF

BXF

CI First Asset Active Canadian Dividend ETF

CI Active Canadian Dividend ETF

FDV

CI First Asset Active Credit ETF

CI Active Credit ETF

FAO, FAO.U

CI First Asset Active Utility & Infrastructure ETF

CI Active Utility & Infrastructure ETF

FAI

CI First Asset Canadian Convertible Bond ETF

CI Canadian Convertible Bond ETF

CXF

CI First Asset Canadian REIT ETF

CI Canadian REIT ETF

RIT

CI First Asset Energy Giants Covered Call ETF

CI Energy Giants Covered Call ETF

NXF, NXF.B

CI First Asset Enhanced Government Bond ETF

CI Enhanced Government Bond ETF

FGO, FGO.U

CI First Asset Enhanced Short Duration Bond Fund

CI Enhanced Short Duration Bond Fund*

FSB, FSB.U

CI First Asset Global Financial Sector ETF

CI Global Financial Sector ETF

FSF

CI First Asset Gold+ Giants Covered Call ETF

CI Gold+ Giants Covered Call ETF

CGXF

CI First Asset Health Care Giants Covered Call ETF

CI Health Care Giants Covered Call ETF

FHI, FHI.B

CI First Asset High Interest Savings ETF

CI High Interest Savings ETF

CSAV

CI First Asset Investment Grade Bond ETF

CI Investment Grade Bond ETF

FIG, FIG.U

CI First Asset Morningstar Canada Momentum Index ETF

CI Morningstar Canada Momentum Index ETF

WXM

CI First Asset Morningstar Canada Value Index ETF

CI Morningstar Canada Value Index ETF

FXM

CI First Asset Morningstar International Momentum Index ETF

CI Morningstar International Momentum Index ETF

ZXM, ZXM.B

CI First Asset Morningstar International Value Index ETF

CI Morningstar International Value Index ETF

VXM, VXM.B

CI First Asset Morningstar National Bank Québec Index ETF

CI Morningstar National Bank Québec Index ETF

QXM

CI First Asset Morningstar US Momentum Index ETF

CI Morningstar US Momentum Index ETF

YXM, YXM.B

CI First Asset Morningstar US Value Index ETF

CI Morningstar US Value Index ETF

XXM, XXM.B

CI First Asset MSCI Canada Low Risk Weighted ETF

CI MSCI Canada Low Risk Weighted ETF

RWC

CI First Asset MSCI Europe Low Risk Weighted ETF

CI MSCI Europe Low Risk Weighted ETF

RWE, RWE.B

CI First Asset MSCI International Low Risk Weighted ETF

CI MSCI International Low Risk Weighted ETF

RWX, RWX.B

CI First Asset MSCI USA Low Risk Weighted ETF

CI MSCI USA Low Risk Weighted ETF

RWU, RWU.B

CI First Asset MSCI World ESG Impact ETF

CI MSCI World ESG Impact ETF

CESG, CESG.B

CI First Asset MSCI World Low Risk Weighted ETF

CI MSCI World Low Risk Weighted ETF

RWW, RWW.B

CI First Asset Preferred Share ETF

CI Preferred Share ETF

FPR

CI First Asset Tech Giants Covered Call ETF

CI Tech Giants Covered Call ETF

TXF, TXF.B

CI First Asset U.S. & Canada Lifeco Income ETF

CI U.S. & Canada Lifeco Income ETF

FLI

CI First Asset U.S. TrendLeaders Index ETF

CI U.S. TrendLeaders Index ETF

SID

CI First Asset CanBanc Income Class ETF

CI Canadian Banks Income Class ETF

CIC

CI First Asset Core Canadian Equity Income Class ETF

CI Core Canadian Equity Income Class ETF

CSY

CI First Asset MSCI Canada Quality Index Class ETF

CI MSCI Canada Quality Index Class ETF

FQC

CI First Asset Short Term Government Bond Index Class ETF

CI Short Term Government Bond Index Class ETF

FGB

* The series names for this ETF will be changed effective April 22, 2021, with the Common Units (FSB) being renamed ETF C$ Series and the US$ Common Units (FSB.U) being renamed ETF US$ Series.

Risk rating changes

The following 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, including ETFs. 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.

 

Ticker

Current Risk Rating

New Risk Rating

CI Global Infrastructure Private Pool (Series A, Series F and Series I)

n/a

Medium

Low-to-Medium

CI Global Infrastructure Private Pool (ETF C$ Series)

CINF

 Medium

CI Global Financial Sector ETF

FSF

Medium-to-High

High

CI MSCI Europe Low Risk Weighted ETF

RWE

Low-to-Medium

Medium

CI MSCI International Low Risk Weighted ETF

RWX

Low-to-Medium

Medium

CI Morningstar Canada Momentum Index ETF

WXM

Low-to-Medium

Medium

CI Morningstar Canada Value Index ETF

FXM

Medium

Medium-to-High

CI Morningstar National Bank Québec Index ETF

QXM

Low-to-Medium

Medium

CI Morningstar US Value Index ETF

 

XXM

Medium-to-High

High

XXM.B

Medium

High

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 $240.6 billion in total assets as at March 31, 2021.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. 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 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. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. 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.

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

Contacts

Murray Oxby

Vice-President, Corporate Communications

CI Global Asset Management

416-681-3254

moxby@ci.com

Original Realease from Business Wire

Related posts
Press Release

CORRECTING and REPLACING Data Privacy Protocol Alliance Forms To Build A Decentralized Data Ecosystem

Together We Aim to Build a Personal Data Economy Based on Ownership and Transparency NEW YORK–(BUSINESS WIRE)–In the fifth paragraph, last sentence of the release dated May 4, 2021, the list of founding members has been updated to remove Wunderman…
Press ReleaseSponsored

BitMax Now Offers Multilingual Support for Traders

BitMax is ready to serve more cryptocurrency traders worldwide as it launches its multilingual services. The company is quickly becoming a leading crypto trading agency. As it hopes to bring its cutting-edge trading services to more traders, the platform now…
Press Release

U.S. Insurers Seek Partners for Digital Transformation as Pandemic, Regulations, Market Trends Shake Up Industry

ISG Provider Lens™ report says insurance companies are outsourcing business processes and new technologies to move faster, become more efficient and launch new businesses STAMFORD, Conn.–(BUSINESS WIRE)–$III #AI–U.S. insurance companies are accelerating their adoption of digital technologies as the COVID-19…