TSX Symbol: CIX
TORONTO, Jan. 29, 2013 /CNW/ - CI Investments Inc. ("CI") announced today that Brandon Snow, Principal and Portfolio Manager with Cambridge Advisors, has been named a portfolio manager of Cambridge Canadian Asset Allocation Corporate Class.
He becomes co-manager of the fund along with Alan Radlo, Chief Investment Officer, and Robert Swanson, Principal and Portfolio Manager of Cambridge Advisors. As a portfolio manager, Mr. Snow will focus on North American equities.
Mr. Snow is also portfolio manager of Cambridge Canadian Equity Corporate Class, Cambridge Canadian Growth Companies Fund, Cambridge Pure Canadian Equity Fund and Cambridge American Equity Fund. He has 10 years of investment experience that includes award-winning performance as manager of a large-cap Canadian equity fund.
Cambridge Canadian Equity has a five-star Morningstar ranking and Cambridge Canadian Asset Allocation a four-star ranking.* Cambridge Advisors manages over $4 billion in assets and has offices in Boston and Toronto.
Cambridge Advisors is a business name of CI Investments Inc., used in connection with its subsidiary, CI Global Investments Inc.
About CI Investments - Canada's Investment Company
CI is one of Canada's largest investment management companies. It offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $99 billion in assets as December 31, 2012.
* Morningstar Ratings reflect performance as of December 31, 2012 and are subject to change monthly. The ratings are calculated from a fund's three, five and 10-year returns (if available) measured against 91-day Treasury bill and peer group returns. The top 10% of the funds in a category get five stars. The Overall Rating is a weighted combination of the three, five and 10-year ratings. For greater detail, see www.morningstar.ca.
The star ratings and number of Canadian-focused equity funds for Cambridge Canadian Equity Corporate Class for each period are as follows: three years, 5 stars, 262 funds; and five years, 5 stars, 213 funds.
The star ratings and number of tactical balanced funds for Cambridge Canadian Asset Allocation Corporate Class for each period are as follows: three years, 4 stars, 42 funds, and five years, 4 stars, 22 funds.
Returns at December 31, 2012 for Cambridge Canadian Equity Corporate Class (Class A) were: one year, 16.7%; three year, 9.0%; five year, 4.1%; and since inception (Dec. 2007), 4.1%.
Returns at December 31, 2012 for Cambridge Canadian Asset Allocation Corporate Class (Class A) were: one year, 3.5%; three year, 5.1%; five year, 2.9%; and since inception (Dec. 2007), 2.9%.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise indicated and except for returns for periods less than one year, the indicated rates of return are the historical annual compounded total returns including changes in security value. All performance data assume reinvestment of all distributions or dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SOURCE: CI Investments Inc.
Murray Oxby
Director, Communications
CI Investments
(416) 364-1145
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