|Fund Codes||Class A|
|Managed By:||CI Investments Inc.|
|Advisors:||Black Creek Investment Management Inc.|
|Assets Under Management*:||N/A|
|Portfolio Manager:||Richard Jenkins|
|Asset Class:||Global Balanced|
|Inception Date:||January 2007|
|Min. Initial Investment:||$500|
|Min. PAC Investment:||$50|
|Management Expense Ratio:||2.45%|
|Signature Corporate Bond Class I||23.38%|
|Galaxy Entertainment Group Ltd||3.20%|
|Galp Energia SGPS||3.19%|
|ICICI Bank Ltd.||3.12%|
Based on 3-year standard deviation relative to other funds in its category, from Globe Investor.
(Class A)Black Creek Global Balanced Fund (Class A units) *
The fundamental investment objective of Black Creek Global Balanced Fund is to seek the growth of long term total return by investing primarily in a balanced portfolio of equities, convertible and fixed income securities issued by governments, supra-national agencies or corporations anywhere in the world.
This chart shows you the fundīs annual performance and how an investment would have changed over time.
As at March 31, 2014
While 2013 was a year of strong equity market gains, the first quarter of 2014 saw flat equity market performance across the board. Developed markets have significantly outperformed emerging markets, with the U.S. and Japan leading the way. European equities had strong gains as the area appeared to be emerging from recession. The Asia-Pacific region, ex-Japan, and Latin America lagged significantly.
The weakness of the Canadian dollar relative to the U.S. dollar, the Euro, Sterling and other currencies during the period added significantly to returns. We judge the relative values of currencies using purchasing power parities. On this basis, the Canadian dollar is still about 12% over-valued relative to the U.S. dollar and Japanese Yen, but in line with the Euro and Sterling.
Investor views of an improving global economy have tempered, and emerging market risks and the Russian conflict have garnered the headlines for investors. Markets are still being supported by very accommodative monetary policies on the part of central banks, with promises of more support to come.
Not much has changed in our views of the global economy. The U.S. continues to recover, Europe is on the mend, China and other emerging markets are slowing and Japan hobbles along. Given the strong performance of equities, we would suggest that prospective returns for equities over the next five to 10 years would be in the mid-to-high single digit percentage range. We should certainly not count on more double-digit percentage return years. Our preference at this point is still equities over long bonds and cash, but we remain vigilant.
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.
* Formerly Castlerock Global Balanced Fund (Series A)
|Funds mentioned at this website are available only to Canadian residents.||
© 2015 CI Financial Corp.