CI Global Asset Management (CI GAM) announced the launch of three CI Mosaic ESG ETF Portfolios on Wednesday.
The three portfolios hold a number of ETFs that invest in securities with high environmental, social and governance (ESG) ratings.
The new offerings include the CI Mosaic ESG Balanced Income ETF Portfolio, which aims for a 60% fixed-income/40% equities allocation; the CI Mosaic ESG Balanced ETF Portfolio, which aims for a 40% fixed-income/60% equities allocation; and the CI Mosaic ESG Balanced Growth ETF Portfolio, which aims for a 20% fixed-income/80% equities allocation.
The portfolios, which are managed by CI GAM’s multi-asset management team, use a “core and satellite approach.” Core holdings include a diversified portfolio of securities with high ESG ratings, while satellite holdings focus on specific ESG themes.
Management fees for the portfolios range from 0.45% to 0.5% for series F.
Also on Wednesday, CI GAM announced the launch of U.S.-dollar-hedged units of the CI Emerging Markets Fund, the CI Emerging Markets Corporate Class and the CI Global Alpha Innovators Corporate Class.