CI Investments announces risk rating changes for several funds
July 22 2019 - 12:20PM
PR Newswire (Canada)
TORONTO, July 22, 2019 /CNW/ - CI Investments Inc. ("CI")
announced today the following risk rating changes for 11 funds:
Fund
|
Previous Risk
Rating
|
New Risk
Rating
|
Portfolio Series
Conservative Fund
|
Low-to-Medium
|
Low
|
Select 60i40e Managed
Portfolio Corporate Class
|
Low-to-Medium
|
Low
|
Cambridge Canadian
Dividend Fund
|
Medium
|
Low-to-Medium
|
Cambridge Canadian
Dividend Corporate Class
|
Medium
|
Low-to-Medium
|
Harbour Canadian
Dividend Fund
|
Medium
|
Low-to-Medium
|
Cambridge U.S.
Dividend Fund
|
Medium
|
Low-to-Medium
|
Cambridge U.S.
Dividend Registered Fund
|
Medium
|
Low-to-Medium
|
Signature Real Estate
Pool
|
Medium-to-High
|
Medium
|
Signature Corporate
Bond Corporate Class
|
Low-to-Medium
|
Medium
|
CI Global High
Dividend Advantage Corporate Class
|
Medium
|
Low-to-Medium
|
U.S. Equity Small Cap
Pool
|
Medium-to-High
|
Medium
|
The changes will be effective immediately. The changes are based
on the risk classification methodology mandated by the Canadian
Securities Administrators to determine the risk level of mutual
funds. CI reviews the risk rating for each of the funds it manages
at least on an annual basis, as well as when a fund undergoes a
material change. These changes are the result of an annual review,
and are not the result of any changes to the investment objectives,
strategies or management of the funds.
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
$176.7 billion in assets as of
June 30, 2019.
SOURCE CI Financial Corp.
Copyright 2019 Canada NewsWire
CI Financial (TSX:CIX)
Historical Stock Chart
From Jun 2024 to Jul 2024
CI Financial (TSX:CIX)
Historical Stock Chart
From Jul 2023 to Jul 2024