Liquid Alternatives: CI Investments Launches Income-Oriented Liquid Alt

May 29, 2020 | Liquid Alternatives, News

The product is the fourth in CI’s successful range of liquid alt funds.

CI Investments has launched the CI Marret Alternative Enhanced Yield Fund. It is available both as a mutual fund and as an ETF. The funds intend to generate an attractive yield while protecting the principal. (CISION Newswire)

CI Marret Alternative Enhanced Yield ETF

The ETF is already trading on the TSX, with effect from May 19, under the ticker symbol of CMEY (C$) and CMEY.U (US$ Hedged). Liquid Alternatives are mutual funds or ETFs that incorporate certain hedge-fund investment strategies such as short-selling, leverage, and derivatives. “Liquid” indicates that the investment vehicle itself can be bought and sold daily, while “alternative” relates to non-traditional investment strategies.

In the case of CMEY, the fund will employ non-traditional investment strategies with the potential for enhancing diversification, returns, and risk management.

Good response to the previous three funds

“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, Executive Vice-President and Head of Distribution, C I Investments.

“Recent market disruptions have highlighted the value of these 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.”

The asset manager’s other liquid alternative funds are:

CI –

  • Munro Alternative Global Growth Fund and CI Munro Alternative Global Growth ETF
  • Marret Alternative Absolute Return Bond Fund and CI Marret Alternative Absolute Return Bond ETF
  • Lawrence Park Alternative Investment Grade Credit Fund and CI Lawrence Park Alternative Investment Grade Credit ETF.

Related Story:  CI Investments Floats Three Liquid Alt ETFs in Modernization Drive

Image credit: Wikimedia – By Raysonho @ Open Grid Scheduler / Grid Engine – Own work, CC0

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