CI Investments names Marret Asset Management sub-advisor to four funds

TORONTO, Dec. 23, 2013 /CNW/ - CI Investments Inc. today announced that Marret Asset Management Inc., an investment firm specializing in fixed income, has been appointed sub-advisor to four mutual funds, effective on or before January 31, 2014.

"We are pleased to add Marret's extensive capabilities in fixed-income investing to the CI lineup," said Derek J. Green, CI President. "CI already offers one of Canada's strongest lineups of portfolio management teams and these changes deepen the expertise available in our funds."

Marret will manage a portion of the portfolios of Harbour Growth & Income Fund, Harbour Growth & Income Corporate Class and Harbour Global Growth & Income Corporate Class. Portfolio Manager Paul Sandhu of Marret will invest in government and investment-grade bonds for the three funds. Mr. Sandhu has over 29 years of experience in domestic and international fixed-income markets. Marret will work under the direction of Lead Portfolio Manager Roger Mortimer of Harbour Advisors, who retains responsibility for the funds' asset allocation, as well as security selection within the equity portion of the portfolios.

In addition, Marret will manage a portion of the portfolio of Select Income Managed Corporate Class, a diversified, multi-manager income fund. Marret Chief Investment Officer Barry Allan will be managing a portfolio of high-yield corporate bonds for the fund. Mr. Allan, who founded Marret in 2001, has over 30 years of investment experience.

CI Investment Consulting, Signature Global Asset Management and Cambridge Global Asset Management continue as the other portfolio managers of Select Income Managed Corporate Class, which invests in Canadian and foreign government bonds, investment-grade and high-yield corporate bonds and high-yielding equities. The fund is part of Portfolio Select Series, a comprehensive investment program that provides diversified portfolios tailored to a client's individual needs, with the tax efficiency of CI's Corporate Class platform. Portfolio Select Series was named Best Fund of Funds at the 2013 Morningstar Awards, the third consecutive year CI has been the winner in this category.

About Marret

Marret Asset Management focuses on fixed-income investing and alternative strategies on behalf of institutional, high net worth and retail clients. Over the past decade, Marret has achieved strong returns and earned numerous industry awards for performance, including Lipper Fund Awards and Morningstar Awards. CI Financial Corp. purchased a majority stake in Marret earlier this month.

About CI - Canada's Investment Company

CI Investments Inc. is one of Canada's largest investment management companies. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $116 billion in assets as of November 30, 2013.

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SOURCE CI Investments Inc.

For further information:

Derek J. Green
President
CI Investments
(416) 364-1145