CI Investments Inc. has announced the launch of Red Sky Canadian Equity Corporate Class and Signature Global Dividend Fund, expanding CI's selection of funds in the Canadian equity and dividend categories, respectively.
Red Sky Canadian Equity Corporate Class has an objective to obtain maximum long-term capital growth by investing primarily in equity and equity-related securities of Canadian companies with good potential for future growth. Red Sky Capital Management, a Toronto-based alternative asset manager, is sub-advisor to the fund, the company said.
Signature Global Dividend Fund's objective is to achieve high total investment return by investing primarily in equity securities of companies anywhere in the world that pay, or may be expected to pay, dividends, as well as other types of securities that may be expected to distribute income. The portfolio advisor is Signature Global Advisors, the company added.
The fund pays a variable monthly distribution. It is also available as Signature Global Dividend Corporate Class, which does not pay a regular distribution but offers the tax efficiency of the CI Corporate Class structure, the company reported.
"The Red Sky team has extensive experience and has achieved strong results since the group was founded in 2010," said Derek Green, CI President. "We are pleased to make their expertise available to investors through a dedicated Canadian equity mutual fund."
"We are very excited to make our asset management style available to a wider group of investors through the CI Investments platform," said Mr. Lazaris. "We believe our focus on discovering high conviction core investments combined with opportunistic tactical moves will appeal to investors seeking a blend of performance and risk management."