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CI launches two income funds

par Andrew Rickard | January 12 2016 09:33AM

CI Investments is offering two new funds for income investors: the Signature Tactical Bond Pool and Signature Preferred Share Pool.

CI announced the launch of the new pools last week. The portfolio advisor for both funds is CI's subsidiary Signature Global Asset Management, which has offices in Hong Kong and Toronto and more than $55 billion in assets under management.

The Signature Tactical Bond Pool aims to offer strong risk-adjusted returns by investing primarily in a diversified portfolio of government, corporate, and high-yield fixed-income securities from both Canadian and foreign issuers. The portfolio managers are Geof Marshall, the leader of Signature's high-yield bond team, John Shaw, who specializes in preferred shares and investment-grade corporate bonds, and Kamyar Hazaveh, who focuses on Canadian and other government fixed-income securities.

"The portfolio managers will actively allocate the portfolio between asset classes that include Canadian and foreign government bonds, investment-grade and high-yield corporate bonds, and investment-grade preferred shares. The overall credit rating for the pool will be maintained at an investment-grade level (BBB or higher). The pool will pay a monthly distribution," explains CI.

As for the Signature Preferred Share Pool, its objective is to offer strong risk-adjusted total returns by investing primarily in a diversified portfolio of preferred shares from both Canadian and foreign issuers. The pool will focus on preferred shares, with an emphasis on Canadian preferred shares. CI says that Signature intends to maintain the overall credit rating for the pool at an investment-grade level (P2 or higher), and the pool will pay a monthly distribution. John Shaw will serve as the portfolio manager for this fund.

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