Both products are available in mutual fund and ETF versions
ETF versions are expected in the coming weeks
The move will officially retire CI’s legacy boutique investment brands
The firm has also lowered fees and changed the investment objectives of existing funds
The planned fund merger will take place on June 25
According to IFIC, mutual funds had net sales of $8.4 billion, while ETFs had $7.6 billion
At a joint meeting, regulators focused on harmonizing total cost reporting for mutual funds and seg funds
The fund company has finalized the merger and renaming of certain funds
Each manager comes from the firm’s integrated in-house investment boutiques
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65