TSX Symbol: CIX
TORONTO, Nov. 29, 2012 /CNW/ - CI Investments Inc.'s Portfolio Series
was a winner at last night's 2012 Morningstar Canadian Investment
Awards, the second consecutive year this investment program was named
best in its category.
In addition, Signature High Income Fund was named Best Global Balanced
Fund, making it a four-time winner at the Morningstar Canadian
Portfolio Series, with $7 billion in assets under management, is a
family of seven portfolios that provide investors a complete,
diversified portfolio with the convenience of a single fund. Portfolio
Series was named Best Fund of Funds this year and in 2011, the first
year that an award was presented for this category.
"We are pleased to receive industry recognition of Portfolio Series as a
best-in-class managed solution," said Derek J. Green, CI President.
"The strength of Portfolio Series results from the combination of our
outstanding lineup of award‐winning portfolio managers with the
expertise of CI Investment Consulting, which manages the program and
adds considerable value through portfolio construction, asset
allocation and risk management."
Signature High Income Fund, managed by Geof Marshall, Ryan Fitzgerald,
Joe D'Angelo and Eric Bushell of Signature Global Advisors, provides
consistent monthly income by investing in a diversified portfolio of
high-yielding securities. It has an outstanding long-term record of
performance and received Morningstar Canadian Investment Awards in
2004, 2010 and 2011.
"The success of Signature High Income reflects our work in developing a
robust lineup of effective income solutions to meet the needs of
Canadian investors in today's low-rate environment, including funds
such as Signature Diversified Yield Fund, Cambridge Income Fund, Select
Income Advantage Managed Corporate Class, and Portfolio Series Income
Fund," Mr. Green said.
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:
Harbour Fund (Canadian equity)
Cambridge Canadian Equity Corporate Class (Canadian equity)
CI Global High Dividend Advantage Fund (global equity)
Black Creek International Equity Fund (international equity)
CI Global Small Companies Fund (global small/mid-cap equity)
CI Global Health Sciences Corporate Class (specialty equity).
"Our list of winners and finalists includes seven portfolio management
teams and diverse mandates, which speaks to the breadth and quality of
our managers and fund lineup," Mr. Green said. "We congratulate our
managers and thank investors and advisors for their support."
The Morningstar Canadian Investment Awards are provided annually by
Morningstar Research Inc., a leading provider of independent investment
research. 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.
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 $97 billion in
assets as of October 31, 2012.
SOURCE: CI Investments Inc.
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