The portfolios offer investors the benefits of ETFs with the accessibility of mutual funds, the firm says
The new alternative mutual funds draw on the strengths of Lawrence Park Asset Management, Marret Asset Management and Munro Partners
The 17 pools are available for a minimum investment of $100,000 per pool
Investors now have the ability to seamlessly switch among a wide range of funds
In connection with a proposed change in investment objectives, CI proposes a name change for the fund
The firm will reduce management fees from 5-55 bps on the 33 mutual funds and reduce the minimum requirement for the CI preferred pricing program
Lower ratings for 24 mutual funds
There are concerns about the asset manager’s “growing long-term debt levels” and that the company’s debt/EBITDA ratio has increased
Lower ratings for three Sentry mutual funds
Change to CI Investment Grade Bond Fund effective immediately