CI ETF Investment Management announces risk rating changes
/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, June 18, 2020 /CNW/ - CI ETF Investment Management Inc. ("CI ETF") today announced the following risk rating changes:
ETF Name | Ticker | Previous | New |
CI ONE Global Equity ETF | ONEQ | Low to | Medium |
CI WisdomTree Canada Quality Dividend | DGRC | Low to | Medium |
CI WisdomTree Europe Hedged Equity Index | EHE.B | Medium | Medium to |
CI WisdomTree U.S. MidCap Dividend Index | UMI | Medium | Medium to |
CI WisdomTree U.S. MidCap Dividend Index | UMI.B | Low to | Medium |
CI WisdomTree U.S. Quality Dividend Growth | DQD | Low to | Medium |
The changes will be effective immediately and are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of investment funds. CI ETF 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. These changes are the result of an annual review and are not the result of any changes to the investment objectives, strategies or management of the ETFs.
For more information about the CI ETFs, please visit the CI First Asset website.
About CI ETF
CI ETF Investment Management Inc. is a sponsor and manager of the CI ETFs, and an affiliate of CI Investments Inc. CI ETF is a subsidiary of CI Financial Corp. (TSX: CIX), an independent Canadian company offering global asset management and wealth management advisory services. CI Financial held approximately $172.0 billion in fee-earning assets as of May 31, 2020.
Commissions, management fees and expenses may be associated with an investment in ETFs. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Individuals should seek the advice of professionals, as appropriate, prior to investing. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on the TSX. If the units are purchased or sold on the TSX, 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.
© 2020 CI ETF Investment Management Inc. All rights reserved.
CI ETF Investment Management Inc. is licensed by WisdomTree Investments, Inc. to use certain WisdomTree indexes (the "WisdomTree Indexes") and WisdomTree marks.
"WisdomTree®" and "Variably Hedged®" are registered trademarks of WisdomTree Investments, Inc. and WisdomTree Investments, Inc. has patent applications pending on the methodology and operation of its indexes. The CI ETFs referring to such indexes (the "WT Licensee Products") are not sponsored, endorsed, sold or promoted by WisdomTree Investments, Inc. or its affiliates ("WisdomTree"). WisdomTree makes no representation or warranty, express or implied, and shall have no liability regarding the advisability, legality (including the accuracy or adequacy of descriptions and disclosures relating to the WT Licensee Products) or suitability of investing in or purchasing securities or other financial instruments or products generally, or of the WT Licensee Products in particular (including, without limitation, the failure of the WT Licensee Products to achieve their investment objectives) or regarding use of such indexes or any data included therein.
SOURCE CI ETF Investment Management Inc.
