Key Takeaways
- • CI Global Asset Management conducted a scheduled annual risk rating review of its managed funds, resulting in risk classification changes for four investment funds as of July 2026.
- • Risk ratings are reviewed annually by CI GAM and whenever a fund undergoes a material change, using Canadian Securities Administrators' mandated risk classification methodology.
- • The announcement emphasizes that mutual funds and ETFs carry no guarantees; values fluctuate and past performance does not ensure future results, with investors potentially paying brokerage fees on Canadian exchange transactions.
- • CI Liquid Alternative investment funds maintain broader investment flexibility, permitted to access asset classes and strategies unavailable to conventional mutual funds.
- • Investors are advised to consult professional advisors before implementing investment strategy changes in response to risk rating modifications.
Summary
CI Global Asset Management announced risk rating changes affecting four of its investment funds, with the modifications taking effect in July 2026. The announcement reflects CI GAM's standard governance practice of reviewing risk classifications at least annually and when funds experience material changes in their operational structure or investment mandate.
The risk rating adjustments were determined using the risk classification methodology mandated by the Canadian Securities Administrators, the regulatory framework governing mutual fund and ETF risk disclosure across Canada. This standardized approach ensures consistent measurement of risk exposure across the industry and provides investors with comparable data for portfolio construction and rebalancing decisions.
The announcement includes comprehensive disclosure regarding the cost structure and risk profile of CI GAM's fund offerings. Commissions, trailing commissions, management fees, and operational expenses are associated with mutual fund and ETF investments. CI GAM emphasizes that fund values are not guaranteed and change frequently, with historical performance providing no assurance of future results. Investors purchasing or selling ETF units on Canadian exchanges may experience pricing spreads relative to net asset value, potentially paying premiums when buying or discounts when selling.
CI Liquid Alternative funds represent a distinct product category within CI GAM's portfolio, offering investors access to non-traditional asset classes and strategies prohibited for conventional mutual funds. This capability allows qualified investors to pursue diversification strategies and return profiles unavailable through standard fund structures.
CI GAM advises investors to review fund prospectuses thoroughly and consult professional financial, tax, legal, and accounting advisors before making investment decisions or adjusting portfolio allocations in response to risk rating changes. This guidance underscores the manager's commitment to fiduciary responsibility and investor suitability assessment.
The risk rating adjustments were determined using the risk classification methodology mandated by the Canadian Securities Administrators, the regulatory framework governing mutual fund and ETF risk disclosure across Canada. This standardized approach ensures consistent measurement of risk exposure across the industry and provides investors with comparable data for portfolio construction and rebalancing decisions.
The announcement includes comprehensive disclosure regarding the cost structure and risk profile of CI GAM's fund offerings. Commissions, trailing commissions, management fees, and operational expenses are associated with mutual fund and ETF investments. CI GAM emphasizes that fund values are not guaranteed and change frequently, with historical performance providing no assurance of future results. Investors purchasing or selling ETF units on Canadian exchanges may experience pricing spreads relative to net asset value, potentially paying premiums when buying or discounts when selling.
CI Liquid Alternative funds represent a distinct product category within CI GAM's portfolio, offering investors access to non-traditional asset classes and strategies prohibited for conventional mutual funds. This capability allows qualified investors to pursue diversification strategies and return profiles unavailable through standard fund structures.
CI GAM advises investors to review fund prospectuses thoroughly and consult professional financial, tax, legal, and accounting advisors before making investment decisions or adjusting portfolio allocations in response to risk rating changes. This guidance underscores the manager's commitment to fiduciary responsibility and investor suitability assessment.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.