Toronto-based CI Global Asset Management announced the launch of two new equities funds on Tuesday.
The CI Global Climate Leaders Fund aims to achieve long-term capital growth by investing in a concentrated portfolio of 15–25 companies around the world focused on decarbonization and climate change.
The climate fund, managed by Melbourne-based Munro Partners, is available in mutual fund and ETF versions in Canadian- and U.S.-dollar units. Management fees for the mutual funds range from 0.7%–1.7%. Management fees for the ETFs are 0.7%.
The CI Alternative North American Opportunities Fund aims to generate high returns over the long term while preserving capital by investing in a portfolio of 25–75 North American companies operating in areas of the economy that are expected to grow rapidly.
The opportunities fund, managed by senior portfolio manager Peter Hofstra, is a liquid alternative fund that can take short positions in companies that are perceived as weak or are operating in declining industries.
Like the climate fund, the opportunities fund is available in mutual fund and ETF versions in Canadian and U.S.-dollar units. Management fees for the mutual funds range from 0.9%–1.9%. Management fees for the ETFs are 0.9%.
The ETF versions of both funds are now trading on the Toronto Stock Exchange.