TSX SYMBOL: CIX
TORONTO, Dec. 16 /CNW/ - CI Investments Inc. today announced the launch of Signature Gold Corporate Class, a fund designed to provide investors with convenient exposure to gold bullion, gold-related equities and other precious metals through CI's tax-efficient corporate class structure.
The fund's investment objective is to provide a secure, convenient alternative for investors seeking to hold gold for long-term capital growth. It will invest primarily, directly or indirectly, in gold and equity securities that provide exposure to gold. It may also invest, directly or indirectly, in silver, platinum and palladium.
The Signature Gold Corporate Class portfolio is managed by Signature Global Advisors, a division of CI that manages approximately $26 billion in a diverse lineup of income, equity and balanced mandates. Lead portfolio manager of the fund is Scott Vali, lead portfolio manager of Signature Global Energy Corporate Class and Signature Canadian Resource Fund, which was the Canadian Investment Award winner in the natural resources equity fund category for 2008 and 2009.
"For investors seeking a fund dedicated to gold, Signature Gold Corporate Class provides the benefit of a significant investment in physical holdings of gold bullion," said Derek J. Green, CI President. "In addition, Signature Global Advisors will seek enhanced returns through active asset allocation between bullion, equities of gold producers, and other precious metals.
"Signature Gold Corporate Class also provides additional diversification opportunities for investors, particularly within CI Corporate Class, which offers significant tax advantages," Mr. Green said.
Tax benefits provided by CI Corporate Class include the ability to switch between share classes, or funds, within the corporation without triggering capital gains or losses. Capital gains or losses are deferred until the investment is redeemed from the corporate structure. CI Corporate Class is the industry's largest mutual fund corporation, with over 55 funds and $16 billion in assets.
For more information about Signature Gold Corporate Class, contact your financial advisor.
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 $91.3 billion in fee-earning assets as of November 30, 2010.
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CI Investments Inc.