|Managed By:||CI Investments Inc.|
|Advisors:||CI Investment Consulting
Chief Investment Officer Alan Radlo
|Assets Under Management*:||$39.5 million|
|Portfolio Manager:||CI Investment Consulting|
|Asset Class:||Canadian Equity|
|Inception Date:||September 2010|
|Min. Initial Investment:||$500|
|Min. PAC Investment:||$50|
|Management Expense Ratio:||2.49%|
|Cambridge Canadian Eq Corp Cl A||74.50%|
|CI Signature Corp Bond Corp Class||25.08%|
Based on 3-year standard deviation relative to other funds in its category, from Globe Investor.
SunWise Essential CI Cambridge Canadian Equity Segregated Bundle Income Class
This fund's objective is to achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of Canadian companies. Indirect investments may include convertible securities, derivatives, equity-related securities and securities of other mutual funds. Any change to the investment objective must be approved by a majority of the votes cast by shareholders at a meeting called to consider the change.
This chart shows you the fundīs annual performance and how an investment would have changed over time.
As at December 31, 2013
Economies around the world continued to grow during the fourth quarter, with the Eurozone countries finally producing positive statistics in consecutive months. The last time global economies were in synch was about five years ago, when the common thread was recession.
The U.S. economy continued to surpass expectations during the period, as gross domestic product growth in excess of 4% during the third quarter made believers out of the skeptics. Canada's GDP also grew, although at a slower pace than some other economies.
The solid U.S. growth spurred the Federal Reserve to announce that it would begin to taper its bond-purchase program, the centrepiece of the quantitative easing policy that has been in place since the financial crisis. This was a further indication that the economy truly is regaining health, and the equity markets finally seem to be on board with that prognosis. Low interest rates continued to spur stock markets prior to the Fed announcement, and tapering should continue to drive equities and eventually lead to higher interest rates.
Looking ahead, we expect economic momentum will continue to be supported by central bankers around the world, amid gradual tapering of stimulus programs. This should provide a backstop against an economic slowdown. With steady economic growth and recovering corporate earnings, we anticipate that stocks will continue to perform well this year. Interest rates in the U.S. should continue to migrate higher until an equilibrium level above 3% is achieved.
High equity valuations could be a concern during 2014, as prices have grown along with corporate earnings. If earnings do not match expectations, a long-anticipated market correction may occur. However, we believe a favourable economic landscape will likely prevent this, which would encourage investors to add to their equity holdings.
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 returns 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. Performance returns for all funds are net of fees and operating expenses except for United Pools and United Corporate Class Funds which are gross of fees and net of operating expenses. Please refer to the Legal section of the website for additional information. *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.