Home Breadcrumb caret Industry News Breadcrumb caret Industry CI Investments launches floating-rate income pool, makes fund changes CI Investments Inc. has launched the Signature Floating-Rate Income Pool. Read: Low-rate strategies for fixed income The pool invests in a conservative, actively managed global portfolio of floating-rate bonds and leveraged loans, as well as shorter-term, high-yield, investment-grade bonds, which are less sensitive to changes in interest rates compared to other fixed income securities. The […] By Staff | July 17, 2017 | Last updated on July 17, 2017 1 min read CI Investments Inc. has launched the Signature Floating-Rate Income Pool. Read: Low-rate strategies for fixed income The pool invests in a conservative, actively managed global portfolio of floating-rate bonds and leveraged loans, as well as shorter-term, high-yield, investment-grade bonds, which are less sensitive to changes in interest rates compared to other fixed income securities. The pool provides a monthly distribution. Risk rating changes Also, the risk ratings of CI’s Harbour Global Growth and Income Corporate Class, and Marret Strategic Yield Fund have been changed to “medium” from “low to medium.” The changes will be effective on or about July 27, 2017. The changes are based on the new methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. Read: IFIC releases final fund risk classification guidelines Management change Along with current managers, the Mackenzie Ivy Team will manage a portion of the portfolios of CI’s Select U.S. Equity Managed Fund and Select U.S. Equity Managed Corporate Class. The Ivy team’s appointment as sub-advisor to the two multi-manager funds is effective on or about July 17, 2017. Also read: Your behind-the-scenes allies at investment funds Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo