TORONTO, Nov. 15, 2019 /CNW/ - CI Investments Inc.
("CI") announced today that it has been honoured with seven 2019
Canada Lipper Fund Awards from Refinitiv. The awards recognize
funds that have provided consistently strong risk-adjusted
performance, relative to peers.
"On behalf of the CI Financial organization, I would like to
offer a well-deserved congratulations to our portfolio management
teams on earning this impressive recognition," said Kurt MacAlpine, Chief Executive Officer of CI
Financial, parent company to CI. "Last month, I announced three
strategic priorities for our company: modernizing our asset
management business, expanding our wealth management platform and
globalizing our company's footprint. These awards speak to the
quality and consistency of our product lineup and reflect the
strong foundation we are building on as we move towards our
goals."
The 2019 Lipper Fund Awards from Refinitiv for Canada were announced last night in
Toronto. The winning CI funds and
ETFs are:
- Cambridge Canadian Dividend Fund was recognized in
the Canadian Dividend and Income Equity category over five years.
The fund is managed by Stephen Groff
of Cambridge Global Asset Management.
- Cambridge Global High Income Fund was a winner in
the Tactical Balanced category over 10 years and is co-managed by
Cambridge Global Asset Management's Robert
Swanson and Paul
Marcogliese.
- Sentry Global Infrastructure Fund won in the Global
Infrastructure Equity category for its three-year returns. The fund
is co-managed by Kevin McSweeney and
Massimo Bonansinga of Signature
Global Asset Management.
- Signature Global Technology Corporate Class was an
award recipient in the Sector Equity category for three years and
is managed by Signature Global Asset Management's Malcolm White and Jeremy
Yeung.
- First Asset REIT Income Fund won in the Real Estate
Equity category for both three-year and five-year returns and is
co-managed by Lee Goldman,
Kate MacDonald and Joshua Varghese of the Signature Global Asset
Management team.
- CI First Asset MSCI Canada Quality Index Class ETF (TMX:
FQC) won in the Canadian equity ETF category for its
three-year performance.
About CI Investments Inc. – Trusted Partner in
Wealth™
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 $178 billion in fee-earning assets
as of October 31, 2019.
The Lipper Fund Awards, granted annually, highlights funds
and fund companies that have excelled in delivering consistently
strong risk-adjusted performance relative to their peers. The
Lipper Fund Awards are based on the Lipper Leader for Consistent
Return rating, which is a risk-adjusted performance measure
calculated over 36, 60 and 120 months. The fund with the highest
Lipper Leader for Consistent Return (Effective Return) value in
each eligible classification per award universe wins the Lipper
Fund Award. For more information, see lipperfundawards.com.
Although Lipper makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not
guaranteed by Lipper.
The highest 20% of funds in each category are named Lipper
Leaders for Consistent Return and receive a score of 5, the next
20% receive a score of 4, the middle 20% are scored 3, the next 20%
are scored 2 and the lowest 20% are scored 1. For more information,
see www.lipperweb.com. Although Lipper makes reasonable
efforts to ensure the accuracy and reliability of the data
contained herein, the accuracy is not guaranteed by Lipper.
Cambridge Canadian Dividend Fund (Class D) was named
Best Canadian Dividend and Income Equity Fund for five years ending
July 31, 2019 out of a classification
total of 59 funds (5 years), The corresponding Lipper Leader
Consistent Return ratings of the fund as of 07/31/2019 were: 5 (3 years), 5 (5 years) and 5
(10 years).
Performance for the Fund for the period ended
October 31, 2019 was 5.6% (1 year),
5.7% (3 years), 7.2% (5 years) and 9.4% (10 years). The
corresponding Lipper Leader ratings for Consistent Return of the
fund for the same period were: 5 (3 years), 5 (5 years) and 5 (10
years).
Cambridge Global High Income Fund (Class A) was named Best
Tactical Balanced Fund for 10 years ending July 31, 2019, out of a classification total of
11 funds (10 years). The corresponding Lipper Leader Consistent
Return ratings of the fund as of 07/31/2019 were: 2 (3 years), 3 (5 years) and 4
(10 years).
Performance for the Fund for the period ended
October 31, 2019 was 6.9% (year 1),
3.5% (3 years), 3.4% (5 years) and 7.6% (10 years). The
corresponding Lipper Leader Consistent Return ratings of the fund
for the same period were: 2 (3 years), 2 (5 years), and 4 (10
years).
Sentry Global Infrastructure Fund (Series A) was named best
in the Global Infrastructure Equity category for three years ending
July 31, 2019 out of a classification
total of 14 funds (3 years). The corresponding Lipper Leader
Consistent Return ratings of the fund as of 07/31/2019 were: 5 (3 years), 2 (5 years) and 3
(10 years).
Performance for the Fund for the period ended
October 31, 2019 was 23.0% (1
year), 8.7% (3 years), 6.2% (5 years) and 10.6% (10 years). The
corresponding Lipper Leader ratings of the fund for the same period
were: 2 (3 years), 3 (5 years) and 5 (10 years).
Signature Global Technology Corporate Class (Series A) was
named Best Sector Equity fund for three years ending July 31, 2019 out of a classification total of 19
funds (3 years), The corresponding Lipper Leader Consistent Return
ratings of the fund as of 07/31/2019
were: 5 (3 years), 5 (5 years) and 5 (10
years).
Performance for the Fund for the period ended
October 31, 2019 was 14.5% (1
year), 18.4% (3 years), 17.2% (5 years) and 17.7% (10 years). The
corresponding Lipper Leader ratings of the fund for the same period
were: 2 (3 years), 3 (5 years), and 5 (10 years).
First Asset REIT Income Fund (Class A) was named Best in the
Real Estate Equity category for both three-years and five-years
returns ending July 31, 2019 out of a
category total of 16 funds (3 years), 13 funds (5 years),
corresponding Lipper Leader Consistent Return ratings of the fund
as of 07/31/2019 were: 5 (3 years), 5
(5 years) and N/A (10 years).
Performance for the Fund
for the period ended October 31, 2019
was 17.65% (1 year), 11.60% (3 years), 10.76% (5 years) and
N/A (10 years). The corresponding Lipper Leader ratings of the fund
for the same period were: 4 (3 years), 5 (5 years), and N/A (10
years).
CI First Asset MSCI Canada Quality Index Class ETF was
named Best Canadian Equity ETF for three-years ending July 31, 2019 out of a category total of 26 funds
(3 years), The corresponding Lipper Leader Consistent Return
ratings of the fund as of 07/31/2019
were: 5 (3 years), N/A (5 years) and N/A (10
years).
Performance for the Fund for the period ended
October 31, 2019 was 18.61% (1
year), 10.00% (3 years), N/A (5 years) and N/A (10 years). The
corresponding Lipper Leader ratings of the fund for the same period
were: 5 (3 years), N/A (5 years), and N/A (10 years).
Commissions, trailing commissions, management fees and
expenses may be associated with an investment in mutual funds and
exchange traded funds (ETFs). Please read the prospectus before
investing. Important information about mutual funds and ETFs is
contained in its respective prospectus. Mutual funds and ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated. The indicated rates of return are
the historical annual compound total returns including changes in
unit value and reinvestment of all distributions and do not take
into account sales, redemption, distribution or operational charges
or income taxes payable by any securityholder that would have
reduced returns. Performance is calculated net of all fees. You
will usually pay brokerage fees to your dealer if you purchase or
sell units of an ETF on the Toronto Stock Exchange (the "TSX"). If
the units are purchased or sold on the TSX, investors may pay more
than the current net asset value when buying units of the ETF and
may receive less than the current net asset value when selling
them. The performance information shown is for a particular class
of units and may not be indicative of the performance of other
class or series of the same fund. Variations in performance data
among various classes or series of the same fund are due to
differences in management fees attributed to each class or
series.
Cambridge Global Asset Management, CI First Asset ETF, Sentry
Investment Management, and Signature Global Asset Investment
Management are each a division of CI Investments Inc.
Certain funds associated with Cambridge Global Asset
Management and Signature Global Asset Management are sub-advised by
CI Global Investments Inc., a firm registered with the U.S.
Securities and Exchange Commission and an affiliate of CI
Investments Inc. Robert Swanson is
associated with CI Global Investments Inc.
CI Investments® and the CI Investments design are
registered trademarks of CI Investments Inc. "Trusted Partner in
WealthTM" is a trademark of CI Investments Inc.
©CI Investments Inc. 2019. All rights
reserved.
SOURCE CI Financial Corp.
