Liquid Alternatives: CI Global Launches Liquid Alt ETF And Mutual Fund
The CI Alternative Diversified Opportunities Fund was previously a hedge fund.
CI Global Asset Management announced on Monday the launch of six ETFs, one of which is an alternative fund that is also offered as a mutual fund. The CI Alternative Diversified Opportunities Fund is a liquid alternatives mutual fund sub-advised by Marret Asset Management Inc., a fund management team with deep experience in alternative fixed-income strategies. (Yahoo Finance)
From CI Global: The CI Alternative Diversified Opportunities Fund (CMDO)
Formerly a hedge fund launched in June 2018, and known as the Marret Diversified Opportunities Fund, the fund has now been renamed effective August 6, 2021. It seeks to provide superior returns and diversification compared to traditional fixed income and balanced funds.
It is now publicly available as an alternatives mutual fund offering mutual fund series units as well as ETF C$ Series (CMDO) and ETF US$ Series (CMDO.U) units.
Marret will combine its best strategies for global fixed income with tactical trading in other asset classes.
It will use the investment strategies used by liquid alternative funds. CI Global managed $4.1 billion in liquid alternative funds as at July 31, 2021.
Other liquid alt funds offered by the firm include CI Alternative Investment Grade Credit Fund, CI Marret Alternative Absolute Return Bond Fund, CI Marret Alternative Enhanced Yield Fund, CI Munro Alternative Global Growth Fund and CI Alternative North American Opportunities Fund. These funds are available both as ETFs and mutual funds.
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