Fund Facts
as at July 31, 2010

Top Holdings
as at July 31, 2010

Volatility Meter

Low	High
Based on 3-year standard deviation relative to other funds in its category, from Globe HySales.

Equity Style and Capitalization Overview

(Class A)

Objective

This fund's objective is to obtain maximum long-term capital growth. It invests primarily in equity and equity-related securities of established companies that the portfolio advisor believes have good growth potential. These companies operate in or are listed on stock exchanges in the Asia and Pacific Rim region. The fund may invest in any country in the region. Any change to the investment objective must be approved by a majority of votes cast at a meeting of unitholders held for that reason.

Compound Returns and Quartile Rankings
as at July 31, 2010

Performance Data

This chart shows you the fund´s annual performance and how an investment would have changed over time.

Current Value of a $10,000 Investment

Compare With CI Peer	CI Pacific (US$) CI Pacific Corporate Class CI Pacific Corporate Class (US$) Clarica MVP 1987Asia-Pac Non-RSP Eq Clarica MVP 1987Asia-Pac RSP Equity Clarica MVP Asia-Pac Non-RSP Equity Clarica MVP Asia-Pac RSP Equity Clarica SF CI Asian & Pacific Clarica SF CI Asian & Pacific-DSC Clarica SF CI Pacific Clarica SF CI Pacific-DSC
Initial Investment Amount
Include Benchmark	Yes  No
Time Frame	Start
	End

Fund Advisor Profile

Commentary

As at June 30, 2010

The market began the quarter strongly, waving away concerns over a financial crisis in Europe. However, in May and June, growing uncertainty over a sustainable global recovery translated into market volatility and a strong correction in valuations. Correlations strengthened as we progressed through the quarter and defensive investments failed to offer a refuge. Not a single sector posted positive returns for the quarter.

On the economic front, we are witnessing a slowing in global leading economic indicators. Nonetheless, they still indicate a moderate growth environment. For now, companies are telling us that business is good. However, we again need to raise the question of whether the financial economy will begin to impact the real economy. The concern is that growing uncertainty, particularly stemming from the European financial stresses, fiscal tightening and less stimulative Chinese monetary policy, will create a wait-and-see attitude that slows business investment and growth. At the moment, we see continued moderate global GDP growth, but are cautiously attuned to any indication that growth is slowing.

On a positive note, corporate balance sheets are flush with cash and increases in dividends and share repurchases are being announced. We expect merger and acquisition activity to rise as well. We still believe that we are at the beginning of a capital expenditure cycle for short-lived assets and information services, particularly those that create operating efficiencies.

We have consistently believed that the economy is in a sustained, but weak and protracted recovery. The markets double-digit returns through April reflected too much optimism, while the negative return for the year-to-date may well reflect overly negative sentiment. We see investment opportunities in strong, well-financed businesses trading at attractive levels.

Source: CTVglobemedia Publishing Inc.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

© 2010 CI Financial Corp.