TORONTO--(BUSINESS WIRE)--CI Global Asset Management (“CI GAM”) today announced that the risk rating of CI Global Unconstrained Bond Fund (the “Fund”) has been changed to “Low” from “Low-to-Medium,” effective immediately. The Fund is available in mutual fund series and ETF C$ Series (TSX: CUBD).
The risk rating change is based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. CI GAM has made the change as a result of a determination that the reference index of the Fund should be changed in order to better align with the standard deviation and overall risk profile of the Fund. The Fund’s reference index has been changed to the Bloomberg Global Aggregate Bond Index (CAD Hedged).
The Bloomberg Global Aggregate Index is a flagship measure of global investment grade debt from 28 local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.
About CI Global Asset Management
CI Global Asset Management (“CI GAM”) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $511.3 billion in assets as at July 31, 2024.
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