Liquid Alternatives/ESG: CI Global Launches Mutual Funds And ETFs Focusing On Climate Change, Liquid Alt Strategies

The two new equity mandates are the CI Global Climate Leaders Fund and the CI Alternative North American Opportunities Fund.

CI Global Asset Management announced today the launch of two new equity funds – the CI Global Climate Leaders Fund, which focuses on firms leading the global campaign against climate change, and CI Alternative North American Opportunities Fund, which uses alternative strategies to invest in innovative high-growth companies. (Acrofan)

The new funds are available both as mutual funds and ETFs that begin trading today on the Toronto Stock Exchange.

CI Global Climate Leaders Fund

The fund will invest primarily in a concentrated long-only portfolio of companies focused on decarbonization and climate change located anywhere in the world. The portfolio will comprise only 15 to 25 listed equities.

“CI Global Climate Leaders Fund allows Canadians to focus on one of the most important economic and societal trends today and to invest in support of the drive to a zero-carbon economy,” said Roy Ratnavel, CI GAM’s Executive Vice-President and Head of Distribution.

“We believe that climate change represents the biggest investment opportunity since the internet,” said Nick Griffin, Chief Investment Officer of Munro Partners, portfolio sub-advisor of the Fund. “We are just at the beginning of the next big S-curve, a massive and sustainable decades-long growth trend. We aim to find those companies that are best positioned to win during this great global transition of decarbonization.”

CI Alternative North American Opportunities Fund

This is the latest liquid alternative offering from CI GAM. The fund will invest in growth-oriented North American equities, with an eye on capital preservation.

The investment managers will apply thematic work to identify areas of the economy expected to grow rapidly along with company-specific analysis to build a concentrated portfolio of 25 to 75 high-quality holdings.

The team also identifies weak firms or companies in declining industries as potential short sales.

“The expanded toolbox available to liquid alts can provide valuable benefits in today’s challenging investment environment, and our alternative lineup has attracted significant investor interest,” Mr. Ratnavel said. “CI Alternative North American Opportunities Fund uses these sophisticated strategies to provide investors with exposure to a well-diversified, high-quality portfolio of North American growth companies, coupled with the downside protection not available to traditional long-only funds.”

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