CI Investments' managed solutions receive industry recognition

TORONTO, Nov. 28, 2013 /CNW/ - The industry-leading quality of CI Investments' managed solutions was recognized for a third consecutive year at the Morningstar Awards, which honour excellence in the Canadian financial services industry.

Portfolio Select Series was named Best Fund of Funds at last night's 2013 Morningstar Awards. Another CI managed solution, Portfolio Series, was selected Best Fund of Funds in 2012 and in 2011, the first year that an award was presented for this category.

CI's other 2013 Morningstar Award winners are Black Creek International Equity Fund, which was selected Best International Equity Fund, and CI Global Health Sciences Corporate Class, which was named Best Specialty Equity Fund.

Portfolio Select Series is a comprehensive investment program offering nine managed portfolios to meet the individual needs of investors. As part of CI's Corporate Class structure, it offers a high level of tax efficiency for non-registered accounts. Portfolio Select Series and other CI managed solutions are managed by CI Investment Consulting, an in-house team of asset allocation experts led by Portfolio Manager Alfred Lam.

"We are honoured by the continued recognition of CI's managed solutions as being best in class," said Derek J. Green, CI President. "The success of Portfolio Select Series and Portfolio Series has resulted from significant expertise being brought to bear on two levels. First, the underlying funds are managed by CI's stellar lineup of portfolio management teams and second, as manager of these programs, CI Investment Consulting has benefited investors through its ongoing work in portfolio construction, asset allocation, currency hedging and risk management."

CI Investments was also a finalist for the Advisors' Choice Investment Fund Company of the Year award, and the following CI funds were finalists in their categories:

  • Black Creek Global Leaders Fund (global equity)
  • CI American Small Companies Fund (U.S. small/mid-cap equity)
  • Signature High Income Fund (global balanced).

Black Creek International Equity Fund is managed by Richard Jenkins of Black Creek Investment Management Inc., which has established an excellent track record in global investing since its founding in 2005. Mr. Jenkins has over 30 years of investment management experience that includes award-winning results at Black Creek and at his previous firm, where his funds were the recipients of five Morningstar Awards from 2004 to 2006.

CI Global Health Sciences Corporate Class is managed by Andrew Waight of Altrinsic Global Advisors, LLC. Mr. Waight has been portfolio manager of the fund since 1999 and has specialized in global health care since 1992.

The Morningstar Awards are provided annually by Morningstar Research, Inc., a Canadian subsidiary of Morningstar Inc., a leading provider of independent investment research. They honour companies and individuals that Morningstar believes have made a difference in the lives of investors through superior investment products, service, marketing and education. Fund awards are determined by a jury of Morningstar and industry analysts based on a combination of quantitative and qualitative factors that may include absolute and relative performance, risk-return profile, style consistency, tax efficiency, price, investment objective, and capacity constraints.

About CI Investments - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management companies. It 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 approximately $115 billion in assets as of October 31, 2013.

SOURCE: CI Investments Inc.

For further information:

Murray Oxby
Director, Communications
CI Investments
(416) 364-1145


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