TORONTO, Feb. 27,
2023 /CNW/ - Representatives from CI Global Asset
Management ("CI GAM") joined Graham
Mackenzie, Managing Director, Exchange Traded Products,
Toronto Stock Exchange, to celebrate the launch of the CI Utilities
Giants Covered Call ETF (TSX: CUTL / CUTL.B) on Toronto Stock
Exchange and to close the market.
The investment objective of CI Utilities Giants Covered Call ETF
is to provide unitholders, through an actively managed portfolio,
with (i) regular cash distributions, (ii) the opportunity for
capital appreciation by investing on an equal-weight basis in a
portfolio of equity securities of at least the 20 largest utility
companies measured by market capitalization listed on a North
American stock exchange, and (iii) lower overall volatility of
returns on the portfolio than would be experienced by owning a
portfolio of securities of such issuers directly.
CI GAM is Canada's
fifth-largest ETF provider, with $16.0
billion in assets under management in more than 125 ETFs (as
at December 31, 2022). CI GAM's ETF
lineup is highly diversified and includes beta, smart beta,
actively managed, liquid alternatives, digital assets, covered
calls and thematic mandates.
CI Global Asset Management is a business name of CI Investments
Inc.
SOURCE Toronto Stock Exchange