CI Global Asset Management has launched two new actively managed global bond ETFs on the Toronto Stock Exchange.
Roy Ratnavel, Executive Vice-President and Head of Distribution at CI Global Asset Management.
The CI Global Investment Grade ETF (CGIN CN) and CI Global Bond Currency Neutral ETF (CGBN CN) come with management fees of 0.50% and 0.70%, respectively.
Roy Ratnavel, Executive Vice-President and Head of Distribution for CI Global Asset Management, said: “Recent moves in interest rates and the current challenges in capital markets demonstrate that active management in fixed income is more important than ever before.
“These mandates leverage the expertise of CI Global’s fixed income group, a team with $26 billion under management and extensive experience across global developed and emerging market government bonds, investment-grade, and high-yield corporate bonds, currencies, and derivatives.”
The CI Global Investment Grade ETF is managed by John Shaw, Head of Investment Grade Credit, and Leanne Ongaro, Portfolio Manager, who have 32 years and 15 years of industry experience, respectively.
The fund seeks to generate income and the potential for capital appreciation by investing in investment-grade securities issued by government or corporate issuers located worldwide. Up to 15% of the portfolio may be dedicated to non-investment-grade securities, while up to 10% may be allocated to debt from issuers in emerging markets.
The ETF’s managers employ a flexible approach, allocating assets across credit quality, structured sectors, currencies, and countries.
The CI Global Bond Currency Neutral ETF, meanwhile, is managed by Fernanda Fenton who has over 20 years of financial services industry experience including more than a decade as a fixed income analyst and portfolio manager.
The fund seeks long-term capital appreciation by investing in fixed and floating-rate bonds from government and corporate issuers located throughout the world.
The ETF may make significant investments in any country, including emerging markets, as well as emerging industries and high-yield securities of developed markets. Foreign currency risk relative to the Canadian dollar will be hedged on a regular basis.