TORONTO–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) today announced the launch of two ETFs offering exposure to fast-growing sectors at the forefront of innovation and technological development: CI Bio-Revolution ETF and CI Digital Security ETF. The ETFs begin trading today on the Toronto Stock Exchange (“TSX”) under the symbols CDNA and CBUG, respectively.
“The new ETFs allow investors to focus on the exceptional growth potential of two dynamic and innovative sectors of the global economy: biotechnology and cybersecurity,” said Roy Ratnavel, executive vice president and chief distribution officer at CI GAM. “ETFs also offer low management fees for thematic ETF investing of 0.40% and index provider Solactive’s unique and proprietary approach to index construction.
“Together with CDNA and CBUG, we continue to expand CI GAM’s wide range of thematic ETFs, having launched ETFs focused on cryptocurrencies, emerging markets, technology and climate change over the past 12 months.” , said Mr. Ratnavel. “These and other new mandates, including alternative investments and the CI Beta suite of passive ETFs, demonstrate our commitment to being Canada’s premier provider of quality ETF solutions. We are continually modernizing our lineup of ETFs, which is already one of the largest and most comprehensive in Canada with $15.1 billion in assets under management and a broad selection of 78 passive, smart beta and actively managed mandates .
CI Bio-Revolution ETF (“CANA”) provides targeted exposure to companies that have the potential to be significantly transformed by advances in genetics and biotechnology. CDNA seeks to track the price and performance of the NTR Solactive Global Genomics Immunology and Medical Revolution Covered Index.
CDNA invests in companies best positioned to capitalize on developments in areas such as healthcare products, genomics, life science tools and analytics, cancer treatments and vaccine breakthroughs.
CI Digital Security ETF (“CBUG”) provides targeted exposure to companies at the forefront of consolidating and protecting networks and systems from cyber threats. CBUG seeks to track the price and performance of the Solactive Digital Security CAD Hedged Index NTR.
CBUG invests in companies that will benefit from the increased adoption of cybersecurity technologies, including those involved in digital security technologies, digital security management, digital security software, and digital security platforms.
Company selection for the ETFs’ underlying indices is performed using ARTIS®, Solactive’s proprietary natural language processing algorithm that identifies company thematic exposures. ARTIS represents a breakthrough innovation within the industry, functioning as a multidimensional classification tool that generates a deeper understanding of the products and services offered by a company, especially when dealing with multiple markets and diverse product lines.
Launch of US Dollar Hedged Common Units for CI Covered Call ETFs
CI GAM also announced that the U.S. dollar hedged common units for four covered call ETFs are expected to begin trading on the TSX on or about March 8, 2022, subject to TSX approval. The ETFs and symbols for the new Common US Dollar Hedged Units are as follows:
CI Gold+ Giants Covered Call ETF (CGXF.U)
CI Healthcare Giants Covered Call ETF (FHI.U)
CI Energy Giants Covered Call ETF (NXF.U)
CI Tech Giants Covered Call ETF (TXF.U).
The introduction of US dollar units provides advisors and investors with additional choices in selecting investment solutions that meet their individual needs.
About CI Global Asset Management
CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is located on the Web at www.ci.com. CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with assets of approximately $372.5 billion as of January 31, 2021.
Commissions, management fees and expenses all may be associated with investing in ETFs. You will usually pay brokerage fees to your dealer if you buy or sell units of an ETF on recognized Canadian exchanges. If Units are bought or sold on these Canadian exchanges, 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. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) can be found in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated.
This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice and should not be relied upon in this regard. Every effort has been made to ensure that the contents of this document are accurate at the time of publication. Individuals should seek professional advice, where available, regarding any particular investment. Investors should consult their professional advisers before implementing any changes to their investment strategies. These investments may not be suitable for an investor’s circumstances.
This document contains forward-looking statements regarding anticipated future events, results, circumstances, performance or expectations regarding CI Financial Corp. (“CI”) and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are generally identified by words such as “believe”, “expect”, “anticipate”, “plan”, “anticipate”, “intend”, “estimate”, “objective”, “plan” and “project” and similar references to future time periods, or conditional verbs such as “will”, “may”, “should”, “could”, or “would”. These statements are not historical facts, but rather represent management’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, these statements involve risks and uncertainties. Important factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that all announced transactions will occur and asset levels will not decline prior to their completion, that the investment fund industry will remain stable, and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, but are not limited to, general economic and market conditions, including interest and currency exchange rates, global financial markets, changes in government regulations or tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure documents filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is urged to carefully consider these and other factors and not to place undue reliance on any forward-looking statements. Except as specifically required by applicable law, CI undertakes no obligation to update or change any forward-looking statement after the date it is made, whether to reflect new information, future events or otherwise.
Solactive AG (“Solactive”) is the licensor of the indices. Financial instruments that are based on the Indices are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representations, warranties or assurances regarding: (a) the advisability of invest in financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Indices. Solactive reserves the right to modify the methods of calculation or publication of the Indices. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Indices.
CI Global Asset Management is a registered business name of CI Investments Inc.
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