Toronto-based CI Global Asset Management (CI GAM) is renaming no fewer than 156 investment funds.
On Thursday, the asset manager announced it is retiring its legacy boutique brands that were integrated under the CI GAM banner last fall.
“Rebranding our funds reflects the important changes we have made in building CI GAM into an integrated global investment platform with a strong lineup of relevant investment solutions that will help today’s investors meet their financial goals,” Kurt MacAlpine, CEO of CI Financial Corp., said in a release.
Name changes will take effect for 55 funds — primarily Sentry-branded funds — on June 25, with the remaining 101 funds being renamed on July 29. The funds’ investment objectives and portfolio managers will not change.
CI GAM has also lowered the risk ratings for four funds. For those details, as well as the 156 fund name changes, see CI’s release.
CI GAM will discontinue deferred sales charge (DSC), intermediate deferred sales charge and low-load sales charge mutual funds on June 1, 2022 — the same date that a nationwide ban on DSCs and low-load funds takes effect.