CI Global Asset Management Announces Enhancements to Smart Switch DCA™, Its Dollar Cost Averaging Program
CI Global Asset Management (“CI GAM”) announces the expansion of its Smart Switch DCA™ program, a service that simplifies investing by providing automated dollar cost averaging into CI GAM funds.
Dollar cost averaging involves investing a fixed amount at regular intervals. With Smart Switch DCA, an investor’s money is transferred on a weekly basis from selected source funds into eligible target funds of the investor’s choosing.
Effective today, CI Money Market Fund and CI Money Market Corporate Class have been added as source funds to the Smart Switch DCA program, joining CI High Interest Savings Fund. Investors can now use Smart Switch DCA to transfer funds from the three funds to more than 160 CI GAM mutual funds, including liquid alternative and cryptocurrency funds.
“Smart Switch DCA provides a streamlined and convenient way to set up a dollar cost averaging plan for investors who wish to systematically invest their cash savings into other mandates,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. “Dollar cost averaging is a proven strategy that allows investors to manage the inherent volatility of financial markets and execute a disciplined investment plan.
“The expansion of Smart Switch DCA also reflects our commitment to supporting advisors and investors through enhanced services, as well as by providing a comprehensive selection of effective investment solutions,” Ms. Sinopoli said.
Smart Switch DCA uses unique fund codes to simplify the administrative process of arranging transfers between funds. Switches are made weekly for a period of one year. Investors can set up the service through their financial advisor and it can be easily modified or ended at any time.
About CI Global Asset Management
CI Global Asset Management (“CI GAM”) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX), an integrated global asset and wealth management company with approximately $489.1 billion in assets as at June 30, 2024.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are by their nature based on numerous assumptions. Although the FLS contained herein are based upon what CI Global Asset Management believes to be reasonable assumptions, CI Global Asset Management cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp. (TSX: CIX).
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