TSX SYMBOL: CIX
TORONTO, Jan. 12, 2012 /CNW/ - CI Investments Inc. ("CI") today
announced the launch of two funds to meet the needs of income-seeking
investors: Cambridge Income Fund and Signature High Yield Bond Fund.
Cambridge Income Fund seeks to achieve returns through exposure to a mix
of fixed-income and higher-yielding equity securities, and Signature
High Yield Bond Fund focuses on gaining exposure to high-yield
corporate bonds. Both funds pay a regular monthly distribution.
"These funds are designed to meet the needs of income-seeking investors,
while providing the benefits of expert portfolio management, a
diversified approach that reduces risk and active management of foreign
currency exposure," said Derek J. Green, CI President. "They are the
latest addition to CI's extensive income solutions lineup, which offers
Canadians a diverse set of choices for generating regular income from
their investments or for serving as a conservative holding within their
The lead portfolio manager of Cambridge Income Fund is Robert Swanson of
Cambridge Advisors. Mr. Swanson has 27 years of investment experience,
including positions as lead manager of Canadian and global equity,
income and balanced portfolios. At his previous firm, he was lead
manager of funds that won seven Lipper Fund Awards in 2010 and 2011.
The awards recognize funds that have excelled in delivering
consistently strong risk-adjusted performance, relative to peers.
"The Cambridge Advisors team has achieved strong results since the group
was founded in 2008 and we are pleased to add this diversified income
fund to the Cambridge lineup," said Mr. Green.
Geof Marshall of Signature Global Advisors is the lead portfolio manager
of Signature High Yield Bond Fund. Mr. Marshall has been the recipient
of three Morningstar and three Lipper Fund Awards as co-manager of the
award-winning Signature High Income Fund. Mr. Marshall and the
Signature team have extensive experience in this sector, currently
managing over $5 billion in high-yield corporate bonds held in various
CI funds - one of the largest such portfolios in Canada.
The funds are also available in CI Corporate Class versions as Cambridge
Income Corporate Class and Signature High Yield Bond Corporate Class,
respectively. These funds do not pay monthly distributions but offer
the tax advantages of the CI Corporate Class structure.
More information about CI's income solutions is available from financial
advisors, CI's website at www.ci.com, or CI Mobile, CI's iPad app.
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 billion in assets as of
December 31, 2011.
SOURCE CI Investments Inc.
For further information:
Derek J. Green
CI Investments Inc.