|Fund Codes||Class A||Corporate Class|
|Managed By:||CI Investments Inc.|
|Advisors:||Signature Global Advisors
Chief Investment Officer Eric Bushell
|Assets Under Management*:||N/A|
|Portfolio Manager:||Geof Marshall, Joe D'Angelo and Ryan Fitzgerald|
|Asset Class:||Canadian Balanced Income|
|Inception Date:||December 1996|
|Min. Initial Investment:||$500|
|Min. PAC Investment:||$50|
|Management Expense Ratio:||1.60%|
|U.S. Treasury, 2.38%, August 15, 2024||1.93%|
|U.S. Treasury, 1.63%, August 31, 2019||1.92%|
|Cdn. Real Estate Investment||1.58%|
|Algonquin Power & Utilities||1.32%|
Based on 3-year standard deviation relative to other funds in its category, from Globe Investor.
(Class A)Signature High Income Fund (Class A units)
This fundís objective is to generate a high level of income and long-term capital growth. It invests primarily in high-yielding equity securities and Canadian corporate bonds. To achieve its objective, the portfolio advisor will actively manage the equity, fixed income, and cash components of the fund. The fund is not limited to how much it invests in each asset class. This will vary according to market conditions. The portfolio advisor decides how much of the fundís assets are invested in equity and fixed income securities according to market conditions.
This chart shows you the fundīs annual performance and how an investment would have changed over time.
As at March 31, 2014
A barrage of geopolitical and financial turbulence in emerging market countries put global capital markets on the defensive early in the first quarter. The crisis in Ukraine, a sharp devaluation of the Argentinian peso, political and economic turmoil in Venezuela and doubts about the Chinese banking system and real economy pulled capital away from emerging markets and directed it back into developed market bonds. Although confidence returned later in the period, returns for most equity markets around the world were muted, and interest-sensitive sectors such as government bonds, utilities and REITs, which had underperformed since the U.S. Federal Reserve began its tapering action in the fall, added value for the quarter. The fear that growth was stalling also sparked a sharp rally in gold equities.
The Canadian dollar dropped in value relative to most other major currencies during the quarter. It appeared that foreign investors had finally come to the same realization about Canada's problems with productivity, competitiveness and indebted consumers. The Canadian dollar finished the quarter down nearly 4% at about 90.5 cents U.S., and we believe it has room to fall further.
After underperforming for several quarters, emerging markets seemed to reach their nadir late in the first quarter, with flows for exchange-traded funds finally turning positive after a long period of withdrawals. The currency and bond markets of emerging economies were also showing signs of improved health, an important turnabout as the volatility in those markets had begun to seriously impair business. Looking forward, we expect the Fed's continued tapering to gradually draw bond yields higher, but at a slow, measured pace that will allow for adjustments in capital flows to emerging economies.
Source: The Globe and Mail 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. *Assets under management are as at the end of the most recent quarter ending March 31, June 30, September 30 or December 31.
|Funds mentioned at this website are available only to Canadian residents.||
© 2014 CI Financial Corp.