Ms. Jennifer Sinopoli reports

CI GLOBAL ASSET MANAGEMENT LAUNCHES CURRENCY HEDGED SERIES OF CI U.S. 500 INDEX ETF

CI U.S. 500 Index ETF (exchange-traded fund) has closed its initial offering of hedged common units, which begin trading today on Cboe Canada Inc. under the ticker CUSA.

The hedged common units of CI U.S. 500 Index ETF provide diversified, hedged exposure to the U.S. market by tracking the performance of the Solactive GBS United States 500 Hedged to CAD Index (CA NTR), which is designed to reflect the performance of the largest 500 companies from the U.S. stock market. CI U.S. has a management fee of 0.08 per cent.

"CUSA provides convenient, low-cost exposure to a portfolio of large-cap U.S. stocks with the added benefit of hedging to reduce the impact of foreign exchange fluctuations," said Jennifer Sinopoli, executive vice-president and head of distribution for CI GAM. "CUSA is the latest addition to the CI Beta ETF suite, a lineup of cost-competitive, index-based ETFs that can serve as core holdings or as complements to smart beta or actively managed solutions."

Unhedged common units of CI U.S. 500 Index ETF have been available since August, 2021, trading under the ticker CUSA.B. The CI Beta ETF suite also includes Canadian and global equity and fixed-income mandates.

"At CI GAM, we are committed to providing advisers and investors with a comprehensive and innovative selection of high-quality ETFs, allowing them to build effective portfolios to meet their investment goals," said Ms. Sinopoli. "We continue to modernize our product offering by launching new solutions such as the recent CI Global Artificial Intelligence ETF, enhancing our existing solutions, and simplifying and streamlining our lineup to improve the client experience."

CI GAM's ETF lineup is one of the industry's most diverse with more than 80 ETFs spanning beta, smart beta, asset allocation, managed volatility, actively managed, liquid alternatives, digital assets, covered calls, cash management, ESG (environmental, social, governance) and other thematic mandates. CI GAM is Canada's fifth-largest ETF provider, with approximately $21.5-billion in ETF assets under management (as at March 31, 2024).