TORONTO, March 3, 2014 /CNW/ - CI Investments Inc. ("CI") today
announced the launch of three funds with Marret Asset Management Inc.
as portfolio manager, providing additional choices for income-seeking
investors. The new funds - Marret Short Duration High Yield Fund,
Marret High Yield Bond Fund, and Marret Strategic Yield Fund - produce
regular income through fixed monthly distributions.
"Canadians continue to require quality investment solutions that
generate income," said Derek J. Green, President of CI Investments.
"These funds offer three diverse mandates to meet differing needs of
investors, backed by the proven expertise of the Marret team, which has
established a strong reputation for excellence in income investing."
"The funds are well suited for today's environment, offering a high
level of flexibility to find investment opportunities worldwide, as
well as to protect against risks," said Barry Allan, Marret's President
and Chief Investment Officer. "In particular, the funds are good
choices for investors who want to guard against the adverse impact that
an increase in interest rates may have on fixed-income securities."
Marret Short Duration High Yield Fund has an investment objective to
generate income by primarily investing in a diversified portfolio of
high-yield corporate bonds that are expected to have durations of one
to five years, and other income-producing securities throughout the
world.
Marret High Yield Bond Fund has an investment objective to generate
income and capital appreciation by investing in a diversified portfolio
of primarily North American high-yield corporate bonds.
Marret Strategic Yield Fund has investment objective to generate income
and long-term capital appreciation by investing in a diversified
portfolio of debt and income-oriented equity securities throughout the
world.
Mr. Allan is Lead Portfolio Manager of the three funds. He has over 30
years of investment experience in all areas of the fixed-income arena.
Prior to founding Marret in 2001, Mr. Allan worked at Altamira
Management, where he managed a wide variety of fixed-income mandates
and held secondary responsibilities on several equity and balanced
mandates. Mr. Allan holds an MBA from the University of Arizona.
Co-manager of Marret Short Duration High Yield Fund and Marret High
Yield Bond Fund is Adrian Prenc, who has 12 years of investment
experience, holds the CFA designation and specializes in corporate debt
and other high-yield securities.
Margot Naudie is co-manager of Marret Strategic Yield Fund. She has 23
years of investment experience, including positions as Senior Portfolio
Manager on the Global Corporate Securities team at Canadian Pension
Plan Investment Board and as a Managing Director at TD Asset
Management, where she managed North American equity portfolios. Ms.
Naudie holds the CFA designation and has been named a Brendan Wood
TopGun from 2009-2013.
About Marret Asset Management
Marret Asset Management Inc. focuses on income investing and alternative
strategies on behalf of institutional, high net worth and retail
clients. Over the past decade, Marret has been recognized through a
number of awards for its hedge funds and for its performance as
portfolio advisor to Dynamic High Yield Bond Fund (from November 2001
to March 2013) and Dynamic Value Balanced Fund (from July 2005 to March
2013).
About CI - Canada's Investment Company
CI Investments Inc. is one of Canada's largest investment management
companies. CI offers a broad range of investment products and services,
including an industry-leading selection of investment funds, and is on
the Web at www.ci.com. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent,
Canadian-owned wealth management firm with $119 billion in assets as of
January 31, 2014.
SOURCE CI Investments Inc.
Derek J. Green
President
CI Investments
(416) 364-1145