CI rolls out two new income funds

As boomers march steadily toward retirement, the demand for income generating investment options continues to grow. To capitalize on that market, CI Investments has launched two new funds focused on providing investors with a regular monthly distribution.

The new Cambridge Income Fund seeks to achieve returns through exposure to a mix of fixed-income and higher-yielding equity securities. Robert Swanson is the lead manager on the fund.

“The Cambridge Advisors team has achieved strong results since the group was founded in 2008 and we are pleased to add this diversified income fund to the Cambridge lineup,” said Derek J. Green, president of CI.

The second fund is the Signature High Yield Bond Fund, which focuses on gaining exposure to high-yield corporate bonds. Geof Marshall is at the helm as lead portfolio manager.

The funds are also available in CI Corporate Class versions as Cambridge Income Corporate Class and Signature High Yield Bond Corporate Class, respectively. These funds do not pay monthly distributions but offer the tax advantages of the CI Corporate Class structure.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.