TORONTO, Jan. 26, 2018 /CNW/ - CI Investments Inc. ("CI") announced today that the risk rating of CI Investment Grade Bond Fund has been changed to "low" from "low to medium."
The change will be effective immediately. The change results from the application of an industry wide updated risk classification methodology introduced by the Canadian Securities Administrators to determine the risk level of mutual funds, and is not a result of any changes to the investment objectives, strategies or management of the fund.
CI Investment Grade Bond Fund seeks to generate income and capital appreciation by investing primarily in a diversified portfolio of corporate bonds rated BBB- and above by a recognized bond rating agency, issued anywhere in the world.
The fund's portfolio is actively managed by Toronto-based Marret Asset Management, a team that specializes in high-yield and investment-grade corporate debt assets. The fund's portfolio has been managed since inception in December 2014 by Paul Sandhu, Vice-President and Portfolio Manager, who has over 30 years' experience in fixed income. Marret manages approximately $4 billion in assets and is one of the largest and most experienced independent credit fixed income managers in Canada.
For more information about the CI Investment Grade Bond Fund, please consult your financial advisor or visit www.ci.com.
About CI Investments – Canada's Investment Company
CI Investments is one of Canada's largest investment management companies. It offers a wide range of investment products and services, 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 $186.3 billion in assets as of December 31, 2017.
SOURCE CI Financial Corp.
For further information: Murray Oxby, Vice-President, Communications, CI Investments, (416) 681-3254, [email protected]