CI GAM launches two new ETFs

CI Global Asset Management (CI GAM) announced the launch of a U.S. inflation-protected bond index ETF and an emerging markets ETF on Tuesday.

The CI U.S. Treasury Inflation-Linked Bond Index ETF (CAD Hedged) begins trading today on the NEO Exchange under the ticker symbol CTIP.

The passive ETF seeks to replicate the performance of a Canadian-dollar hedged, U.S. Treasury Inflation-Protected Securities (TIPS) index, constructed by Solactive, net of expenses. It has a management fee of 0.15%.

The ETF is part of a recently launched CI Beta suite of ETFs, which allow investors to access broad markets or targeted segments at low cost.

The CI Emerging Markets Alpha ETF begins trading today on the Toronto Stock Exchange under the ticker symbols CIEM (ETF C$ Series Units) and CIEM.U (ETF US$ Hedged Series Units).

The actively managed ETF invests in companies with long-term growth potential located in or serving customers in emerging markets and allows investors to benefit from the economic rebound in these markets, a release said. It has a management fee of 0.85%.

The ETF is part of the firm’s portfolio of active funds managed by CI GAM’s emerging markets specialists team, led by portfolio manager Matthew Strauss, working closely with CI GAM’s global sector specialists on research and security selection, the release said.

Including today’s announced launches, CI now offers more than 70 passive, smart beta and actively managed ETF mandates. This year, CI launched 14 new ETFs, some of which are also available as mutual funds.

“This rapid pace of product development reflects our commitment to meeting diverse client needs and executing on our strategic priority of modernizing our asset management business,” said Roy Ratnavel, executive vice-president and head of distribution for CI GAM, in the release.

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