TSX Symbol: CIX
TORONTO, Jan. 4, 2013 /CNW/ - CI Investments Inc. ("CI") today announced
the launch of Red Sky Canadian Equity Corporate Class and Signature
Global Dividend Fund, expanding CI's wide selection of funds in the
Canadian equity and dividend categories, respectively.
Red Sky Canadian Equity Corporate Class has an objective to obtain
maximum long-term capital growth by investing primarily in equity and
equity-related securities of Canadian companies with good potential for
future growth. Red Sky Capital Management, a Toronto-based alternative
asset manager, is sub-advisor to the fund.
"The Red Sky team has extensive experience and has achieved strong
results since the group was founded in 2010," said Derek J. Green, CI
President. "We are pleased to make their expertise available to
investors through a dedicated Canadian equity mutual fund."
Red Sky founder and CIO Timothy Lazaris leads a team of six
professionals with over 70 years of combined capital markets
experience. Mr. Lazaris and Managing Partners Brian Huen, Keith Lam and
Dariusz Nieciecki are portfolio managers of Red Sky Canadian Equity.
Red Sky manages Red Sky Partners Fund, a North American equity hedge
fund, and a portion of the portfolio of CI Canadian Small/Mid Cap Fund.
"We are very excited to make our asset management style available to a
wider group of investors through the CI Investments platform," said Mr.
Lazaris. "We believe our focus on discovering high conviction core
investments combined with opportunistic tactical moves will appeal to
investors seeking a blend of performance and risk management."
Signature Global Dividend Fund's objective is to achieve high total
investment return by investing primarily in equity securities of
companies anywhere in the world that pay, or may be expected to pay,
dividends, as well as other types of securities that may be expected to
distribute income. The portfolio advisor is Signature Global Advisors.
The fund pays a variable monthly distribution. It is also available as
Signature Global Dividend Corporate Class, which does not pay a regular
distribution but offers the tax efficiency of the CI Corporate Class
"Signature has an outstanding long-term record of performance in
managing equity and diversified income strategies," said Mr. Green.
"This fund provides another option for investors seeking income and
stability provided by high-quality dividend-paying companies, with the
additional choice and diversification offered by a global mandate."
Eric Bushell, Signature Chief Investment Officer, and John Hadwen,
Vice-President Portfolio Management and Portfolio Manager, are the lead
portfolio managers of the fund. Signature manages over $35 billion in
core equity, balanced and income-oriented funds, and is CI's largest
in-house portfolio management group. The Signature team has received 15
Morningstar Canadian Investment Awards since 2001, including
Morningstar Fund Manager of the Decade for Mr. Bushell.
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 $98.7 billion in assets as
of December 31, 2012.
SOURCE: CI Investments Inc.
For further information:
Derek J. Green
CI Investments Inc.