TSX Symbol: CIX
TORONTO, Aug. 12, 2013 /CNW/ - CI Investments Inc. ("CI") today announced the launch of Cambridge Global Dividend Fund, a new investment solution for investors seeking the benefits of a globally diversified portfolio of high-quality dividend-paying companies.
The objective of Cambridge Global Dividend Fund is to achieve a high level of total investment return, consisting of dividend income and capital gains, by primarily investing in equities of companies anywhere in the world that pay, or may be expected to pay, dividends. The fund's focus is on dividend growth and sustainability in order to provide a source of inflation protection for investors. The portfolio advisor is Cambridge Global Asset Management.
The fund pays a monthly distribution. It is also available as Cambridge Global Dividend Corporate Class, which does not pay a regular distribution but offers the tax efficiency of the CI Corporate Class structure.
"The strong performance of global equity markets over the past two and a half years underlines the benefits for Canadian investors of foreign diversification," said Derek J. Green, CI President. "With its emphasis on large and stable dividend-paying firms, Cambridge Global Dividend Fund provides a lower-risk approach to accessing the growth and income of global equities. In addition, the fund offers the proven expertise of the Cambridge team, which has built an exceptional track record of performance in its global and Canadian portfolios."
Robert Swanson, Principal and Portfolio Manager at Cambridge, is lead portfolio manager of the fund. His 30-year investment career includes managing global equity, income and balanced portfolios. Prior to joining Cambridge in 2011, he worked at Fidelity Investments, where he was lead manager of several mutual funds with combined assets under management exceeding $20 billion.
The Cambridge team manages over $7 billion in assets, has offices in Boston and Toronto, and is led by Chief Investment Officer Alan Radlo. Mr. Radlo has over 30 years of investment experience and joined CI in 2008 to found the Cambridge team. Prior to that, he was a portfolio manager at Fidelity Investments, where he was responsible for approximately $10 billion in assets.
About CI - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management companies. CI 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 $108.8 billion in assets as of July 31, 2013.
SOURCE: CI Investments Inc.
Murray Oxby
Director, Communications
(416) 681-3254
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