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CI Investments expands lineup of liquid alt funds

By The IJ Staff | May 20 2020 09:10AM

Photo: Freepik

CI Investments announced May 19 the launch of the CI Marret Alternative Enhanced Yield Fund. This is the fourth mandate in its liquid alternative funds lineup.

The fund is available in both mutual fund and exchange-traded fund series, with the ETF series having closed its initial offering and commencing trading today on the Toronto Stock Exchange.

"We launched CI Liquid Alternatives with three mandates in November 2018 and our assets under management in these products has grown to over $1.6 billion, demonstrating investors' interest in alternative investment strategies," said Roy Ratnavel, CI Executive Vice-President and Head of Distribution.

Ratnavel says the market disruptions related to COVID-19 underline the value of these funds’ strategies. “The new Marret fund is especially timely, with its emphasis on generating stable income no matter what happens in the broad equity and income markets," he says.

The ETF C$ Series units and ETF US$ Hedged Series units of CI Marret Alternative Enhanced Yield Fund are trading under the tickers CMEY and CMEY.U, respectively. Mutual fund units are also available in both Canadian dollar and U.S. dollar hedged versions.

The portfolio is managed by Marret Asset Management Inc., which is majority owned by CI Financial Corp. and an affiliate of CI.

CI stated that it is continuing to expand its lineup of alternative investments “as part of its strategic priority of modernizing its asset management business.”

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