CI Investments announced Aug. 11 that the CI Munro Global Growth Equity Fund has been launched in three new series for retail investors.

The fund is a concentrated global equity mandate “aimed at identifying and benefiting from sustainable global growth trends,” says CI. The portfolio is managed by Munro Partners, a global investment team based in Melbourne, Australia.

The fund invests in a portfolio of 20-40 global companies which CI says are “expected to benefit from important structural changes occurring in the world today that are underappreciated and mispriced by the market.”

The Series I version of the fund, available only to institutional investors since January 2019, has outperformed its benchmark since inception with an average annual return of 30.6% versus the MSCI ACWI Index return of 12.6%, as of July 31, 2020, says CI. The newly launched series of the fund for retail investors are Series A, Series F, and Series P.

"Munro has an impressive track record of recognizing and capitalizing on key areas of growth in the global economy for the benefit of investors," said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI. "This fund is a strong solution for longer-term investors seeking exposure to a global, growth-oriented equity portfolio."

A lower minimum investment level

CI has also announced that it is has reduced the minimum investment level for its family of CI Private Pools to $25,000 per pool.