CI First Asset announces risk rating change to CI First Asset European Bank ETF

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TORONTO, April 14, 2020 /CNW/ - CI First Asset Exchange Traded Funds ("CI First Asset") announced today the following risk rating change for one of its exchange traded funds ("ETFs"):

ETF and Units	Ticker	Previous risk rating	New risk rating
CI First Asset European Bank ETF – Common Units	FHB	Med-to-High	High

The change will be effective immediately and is based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds and ETFs. CI First Asset reviews the risk rating for each of the ETFs it manages at least on an annual basis, as well as when an ETF undergoes a material change. This change is the result of an annual review, and is not the result of any change to the investment objectives, strategies or management of the ETF.

For more information, please visit CI First Asset's website.

CI First Asset ETFs
CI First Asset ETFs, a division of CI Investments Inc., a leading provider of ETFs in Canada, offers a comprehensive suite of ETF solutions. Rooted in strong fundamentals, the diverse and specialized lineup of CI First Asset ETFs strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals. CI Investments Inc. is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase CI First Asset ETFs and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX or the NEO Exchange. If the units are purchased or sold on the TSX or the NEO Exchange, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. The CI First Asset ETFs are managed by CI Investments Inc., a subsidiary of CI Financial Corp., which is listed on the Toronto Stock Exchange under the symbol "CIX". CI First Asset and its logo are trademarks of CI Investments Inc.

SOURCE CI First Asset ETFs