TSX SYMBOL: CIX
TORONTO, Dec. 16 /CNW/ - CI Investments Inc. today announced the launch
of Signature Gold Corporate Class, a fund designed to provide investors
with convenient exposure to gold bullion, gold-related equities and
other precious metals through CI's tax-efficient corporate class
The fund's investment objective is to provide a secure, convenient
alternative for investors seeking to hold gold for long-term capital
growth. It will invest primarily, directly or indirectly, in gold and
equity securities that provide exposure to gold. It may also invest,
directly or indirectly, in silver, platinum and palladium.
The Signature Gold Corporate Class portfolio is managed by Signature
Global Advisors, a division of CI that manages approximately $26
billion in a diverse lineup of income, equity and balanced mandates.
Lead portfolio manager of the fund is Scott Vali, lead portfolio
manager of Signature Global Energy Corporate Class and Signature
Canadian Resource Fund, which was the Canadian Investment Award winner
in the natural resources equity fund category for 2008 and 2009.
"For investors seeking a fund dedicated to gold, Signature Gold
Corporate Class provides the benefit of a significant investment in
physical holdings of gold bullion," said Derek J. Green, CI President.
"In addition, Signature Global Advisors will seek enhanced returns
through active asset allocation between bullion, equities of gold
producers, and other precious metals.
"Signature Gold Corporate Class also provides additional diversification
opportunities for investors, particularly within CI Corporate Class,
which offers significant tax advantages," Mr. Green said.
Tax benefits provided by CI Corporate Class include the ability to
switch between share classes, or funds, within the corporation without
triggering capital gains or losses. Capital gains or losses are
deferred until the investment is redeemed from the corporate structure.
CI Corporate Class is the industry's largest mutual fund corporation,
with over 55 funds and $16 billion in assets.
For more information about Signature Gold Corporate Class, contact your
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 $91.3 billion in fee-earning
assets as of November 30, 2010.
SOURCE CI Investments Inc.
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CI Investments Inc.