CI Global Asset Management Announces ETF Name Changes and Risk Rating Changes

TORONTO–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) today announced a series of changes to its ETF lineup, including risk rating changes and name changes. CI GAM also announced a risk rating change for CI Global Infrastructure Private Pool.

“This change fully aligns our ETFs with the CI GAM brand, which represents the strength and expertise of a major asset manager”Tweet this

In the name changes, which affect 35 ETFs, “CI First Asset” will be replaced with “CI” only, removing the legacy First Asset name from the lineup.

“This change fully aligns our ETFs with the CI GAM brand, which represents the strength and expertise of a major asset manager,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM.

“We have grown our ETF business to $12.5 billion in assets with 70 ETFs [as at March 31, 2021], maintaining CI GAM as one of the largest ETF providers in Canada. Our comprehensive lineup includes a diverse offering of actively managed and factor-based ETFs, as well as innovative options such as liquid alternatives and, as of this year, a bitcoin ETF and an Ethereum ETF. The name changes announced today are just part of our commitment to the continued enhancement and modernization of our ETF offering and the entire CI GAM lineup.”

Name changes

The following name changes will be effective April 22, 2021 and the ETF tickers will be unchanged:

Current NameNew NameTicker Symbol
CI First Asset 1-5 Year Laddered Government Strip Bond Index ETFCI 1-5 Year Laddered Government Strip Bond Index ETFBXF
CI First Asset Active Canadian Dividend ETFCI Active Canadian Dividend ETFFDV
CI First Asset Active Credit ETFCI Active Credit ETFFAO, FAO.U
CI First Asset Active Utility & Infrastructure ETFCI Active Utility & Infrastructure ETFFAI
CI First Asset Canadian Convertible Bond ETFCI Canadian Convertible Bond ETFCXF
CI First Asset Canadian REIT ETFCI Canadian REIT ETFRIT
CI First Asset Energy Giants Covered Call ETFCI Energy Giants Covered Call ETFNXF, NXF.B
CI First Asset Enhanced Government Bond ETFCI Enhanced Government Bond ETFFGO, FGO.U
CI First Asset Enhanced Short Duration Bond FundCI Enhanced Short Duration Bond Fund*FSB, FSB.U
CI First Asset Global Financial Sector ETFCI Global Financial Sector ETFFSF
CI First Asset Gold+ Giants Covered Call ETFCI Gold+ Giants Covered Call ETFCGXF
CI First Asset Health Care Giants Covered Call ETFCI Health Care Giants Covered Call ETFFHI, FHI.B
CI First Asset High Interest Savings ETFCI High Interest Savings ETFCSAV
CI First Asset Investment Grade Bond ETFCI Investment Grade Bond ETFFIG, FIG.U
CI First Asset Morningstar Canada Momentum Index ETFCI Morningstar Canada Momentum Index ETFWXM
CI First Asset Morningstar Canada Value Index ETFCI Morningstar Canada Value Index ETFFXM
CI First Asset Morningstar International Momentum Index ETFCI Morningstar International Momentum Index ETFZXM, ZXM.B
CI First Asset Morningstar International Value Index ETFCI Morningstar International Value Index ETFVXM, VXM.B
CI First Asset Morningstar National Bank Québec Index ETFCI Morningstar National Bank Québec Index ETFQXM
CI First Asset Morningstar US Momentum Index ETFCI Morningstar US Momentum Index ETFYXM, YXM.B
CI First Asset Morningstar US Value Index ETFCI Morningstar US Value Index ETFXXM, XXM.B
CI First Asset MSCI Canada Low Risk Weighted ETFCI MSCI Canada Low Risk Weighted ETFRWC
CI First Asset MSCI Europe Low Risk Weighted ETFCI MSCI Europe Low Risk Weighted ETFRWE, RWE.B
CI First Asset MSCI International Low Risk Weighted ETFCI MSCI International Low Risk Weighted ETFRWX, RWX.B
CI First Asset MSCI USA Low Risk Weighted ETFCI MSCI USA Low Risk Weighted ETFRWU, RWU.B
CI First Asset MSCI World ESG Impact ETFCI MSCI World ESG Impact ETFCESG, CESG.B
CI First Asset MSCI World Low Risk Weighted ETFCI MSCI World Low Risk Weighted ETFRWW, RWW.B
CI First Asset Preferred Share ETFCI Preferred Share ETFFPR
CI First Asset Tech Giants Covered Call ETFCI Tech Giants Covered Call ETFTXF, TXF.B
CI First Asset U.S. & Canada Lifeco Income ETFCI U.S. & Canada Lifeco Income ETFFLI
CI First Asset U.S. TrendLeaders Index ETFCI U.S. TrendLeaders Index ETFSID
CI First Asset CanBanc Income Class ETFCI Canadian Banks Income Class ETFCIC
CI First Asset Core Canadian Equity Income Class ETFCI Core Canadian Equity Income Class ETFCSY
CI First Asset MSCI Canada Quality Index Class ETFCI MSCI Canada Quality Index Class ETFFQC
CI First Asset Short Term Government Bond Index Class ETFCI Short Term Government Bond Index Class ETFFGB

* The series names for this ETF will be changed effective April 22, 2021, with the Common Units (FSB) being renamed ETF C$ Series and the US$ Common Units (FSB.U) being renamed ETF US$ Series.

Risk rating changes

The following risk rating changes are effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds, including ETFs. CI GAM reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds.

 TickerCurrent Risk RatingNew Risk Rating
CI Global Infrastructure Private Pool (Series A, Series F and Series I)n/aMediumLow-to-Medium
CI Global Infrastructure Private Pool (ETF C$ Series)CINF Medium
CI Global Financial Sector ETFFSFMedium-to-HighHigh
CI MSCI Europe Low Risk Weighted ETFRWELow-to-MediumMedium
CI MSCI International Low Risk Weighted ETFRWXLow-to-MediumMedium
CI Morningstar Canada Momentum Index ETFWXMLow-to-MediumMedium
CI Morningstar Canada Value Index ETFFXMMediumMedium-to-High
CI Morningstar National Bank Québec Index ETFQXMLow-to-MediumMedium
CI Morningstar US Value Index ETF XXMMedium-to-HighHigh
XXM.BMediumHigh

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately $240.6 billion in total assets as at March 31, 2021.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2021. All rights reserved.

Contacts

Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com

Published on April 23, 2021

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