TORONTO, Dec. 23, 2013 /CNW/ - CI Investments Inc. today announced that
Marret Asset Management Inc., an investment firm specializing in fixed
income, has been appointed sub-advisor to four mutual funds, effective
on or before January 31, 2014.
"We are pleased to add Marret's extensive capabilities in fixed-income
investing to the CI lineup," said Derek J. Green, CI President. "CI
already offers one of Canada's strongest lineups of portfolio
management teams and these changes deepen the expertise available in
Marret will manage a portion of the portfolios of Harbour Growth &
Income Fund, Harbour Growth & Income Corporate Class and Harbour Global
Growth & Income Corporate Class. Portfolio Manager Paul Sandhu of
Marret will invest in government and investment-grade bonds for the
three funds. Mr. Sandhu has over 29 years of experience in domestic and
international fixed-income markets. Marret will work under the
direction of Lead Portfolio Manager Roger Mortimer of Harbour Advisors,
who retains responsibility for the funds' asset allocation, as well as
security selection within the equity portion of the portfolios.
In addition, Marret will manage a portion of the portfolio of Select
Income Managed Corporate Class, a diversified, multi-manager income
fund. Marret Chief Investment Officer Barry Allan will be managing a
portfolio of high-yield corporate bonds for the fund. Mr. Allan, who
founded Marret in 2001, has over 30 years of investment experience.
CI Investment Consulting, Signature Global Asset Management and
Cambridge Global Asset Management continue as the other portfolio
managers of Select Income Managed Corporate Class, which invests in
Canadian and foreign government bonds, investment-grade and high-yield
corporate bonds and high-yielding equities. The fund is part of
Portfolio Select Series, a comprehensive investment program that
provides diversified portfolios tailored to a client's individual
needs, with the tax efficiency of CI's Corporate Class platform.
Portfolio Select Series was named Best Fund of Funds at the 2013
Morningstar Awards, the third consecutive year CI has been the winner
in this category.
Marret Asset Management focuses on fixed-income investing and
alternative strategies on behalf of institutional, high net worth and
retail clients. Over the past decade, Marret has achieved strong
returns and earned numerous industry awards for performance, including
Lipper Fund Awards and Morningstar Awards. CI Financial Corp. purchased
a majority stake in Marret earlier this month.
About CI - Canada's Investment Company
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 $116 billion in assets as of
November 30, 2013.
Morningstar Awards © Morningstar Inc. All Rights Reserved.
SOURCE: CI Investments Inc.
For further information:
Derek J. Green