CI Global Asset Management Announces Risk Rating Change for CI MSCI International Low Risk Weighted ETF
TORONTO--(BUSINESS WIRE)--Dec 29, 2022--
CI Global Asset Management (“CI GAM”) today announced a risk rating change for CI MSCI International Low Risk Weighted ETF, as follows:
New Risk Rating
Previous Risk Rating
CI MSCI International Low Risk Weighted ETF (Hedged Common Units)
The risk rating change is effective immediately and is 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. This change is not the result of any changes to the investment objectives, strategies or management of the ETF.
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 CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $384.9 billion in assets as of November 30, 2022.
Commissions, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). 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. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.
The CI Exchange-Traded Funds (ETFs) are managed by CI Global Asset Management,a wholly-owned subsidiary of CI Financial Corp. (TSX: CIX; NYSE: CIXX). CI Global Asset Management is a registered business name of CI Investments Inc.
MSCI is a trademark of MSCI Inc. The MSCI indexes have been licensed for use for certain purposes by CI Global Asset Management (“CI GAM”) in connection with the CI ETFs (the “ETFs”). The ETF and the securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. or any of its affiliates (collectively, “MSCI”) and MSCI bears no liability with respect to any such fund or securities or any index on which such fund or securities are based. The ETF’s prospectus contains a more detailed description of the limited relationship MSCI has with CI GAM and any related funds.
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 Investments Inc. 2022. All rights reserved.
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CONTACT: Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: CI Global Asset Management
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PUB: 12/29/2022 07:00 AM/DISC: 12/29/2022 07:02 AM