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TORONTO–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) announces the launch of CI Gold Bullion Fund, an exchange-traded fund that provides investors with a convenient and cost-effective way to invest in gold. The ETF US$ Series units and ETF C$ Hedged Series units of the ETF are trading today on the Toronto Stock Exchange (“TSX”) under the ticker symbols VALT.U and VALT, respectively.

CI GAM also announced the launch of ETF C$ Series units and ETF US$ Hedged Series units of CI Munro Global Growth Equity Fund, which also begin trading today on the TSX under the ticker symbols CMGG and CMGG.U, respectively.

“These new ETF offerings are part of CI GAM’s continuing drive to enhance its unique ETF lineup and respond to the evolving needs of Canadian investors. We are also ensuring that our investment expertise is available across investment structures,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM.

CI Gold Bullion Fund

CI Gold Bullion Fund seeks to buy and hold substantially all its assets in gold bullion and to reflect the performance of the price of gold, as represented by the LBMA Gold Price PM, less the ETF’s expenses. The gold bullion is stored at the vault facilities of JPMorgan Chase Bank, N.A. in London.

“Many investors see exposure to gold as a strategy to diversify and hedge against market volatility, currency fluctuations and inflation. The ETF format helps them achieve that in a convenient and cost-effective way,” said Mr. Ratnavel.

CI GAM has partnered with Virtu Financial, Inc.’s Canadian subsidiaries (“Virtu”) to provide liquid two-way markets and facilitate block transactions during the trading day for CI Gold Bullion Fund. CI GAM chose Virtu for its expertise in ETFs, scale, access to liquidity, and capabilities across asset classes, including physical gold.

“We’re pleased to work with CI GAM to provide Canadian investors with convenient access to physical gold,” said Matt Fasman, Global Head of ETF Trading at Virtu. “This product is a great example of how we leverage regional expertise across global markets to help clients implement their investment decisions and access liquidity across asset classes.”

CI Munro Global Growth Equity Fund

CI Munro Global Growth Equity Fund is an existing mandate that is now available on CI GAM’s ETF platform. The fund has been offering Series I units since January 2019 and Series A, F and P units since August 2020.

The fund invests primarily in a portfolio of growth-oriented equities issued by companies anywhere in the world with the goal of maximizing long-term capital appreciation. The portfolio manager is Munro Partners (“Munro”), an experienced and accomplished global investment team based in Melbourne, Australia.

Munro is also portfolio sub-advisor to CI Munro Alternative Global Growth Fund, a global growth mandate that is part of the CI Liquid Alternatives lineup of funds and is available in both ETF and mutual fund series.

CI GAM has adopted the dual-class fund structure, which includes both mutual fund series and ETF series, for certain funds as part of a continuing initiative to streamline and modernize its product lineup. Benefits of the structure include less duplication of funds, larger funds with greater economies of scale and portfolio diversification opportunities, and greater consistency of fund performance between different fund structures with the same mandates.

About Virtu Financial, Inc.

Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings for execution and liquidity sourcing and broker-neutral OMS and connectivity platforms. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets. Virtu Financial Canada, ULC is a market maker on various stock exchanges. Virtu ITG Canada Corp. provides execution and related services to Canadian institutional clients and dealers.

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 $215.6 billion in total assets as at November 30, 2020.

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 communication 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. 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

For further information:
Danielle Klassen

Senior Manager, Corporate Communications

CI Global Asset Management

437-788-9554

[email protected]

Deborah Belevan, IRC, CPA

SVP, Investor Relations and Communications

Virtu Financial Canada, ULC

[email protected]

Andrew Smith

SVP Global Business Development & Corporate Strategy

Virtu Financial Canada, ULC

[email protected]

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