Toronto-based CI Investments Inc. on Friday announced it is reducing the maximum management fee on six funds offered in CI Private Investment Management, a program for affluent investors.
CI Income Fund and Select Income Managed Corporate Class in its Class E series now has a management fee of 1.65%, which is down from 1.85%. Class EF and Class O of those same funds have had their management fee reduced to 0.65% from 0.85%.
Various classes of Select 80i20e Managed Portfolio Corporate Class, Select 70i30e Managed Portfolio Corporate Class, 
Signature High Income Fund and Signature High Income Corporate Class have also had their management fees changed. Class E of those funds now charge 1.75% instead of 1.85% while Class EF and Class O possess management fees of 0.75% instead of 0.85%.
All changes are effective on Friday.