Marret Asset Management Inc. ("Marret"), an affiliate of CI, has been appointed portfolio manager of CIFirst Asset Active Credit ETF (TSX: FAO), effective on or aboutJune 30, 2020 .Sentry Investment Management ("Sentry"), a division of CI, has been appointed portfolio manager of a portion ofCI Canadian Small/Mid Cap Fund , effective on or aboutJune 15, 2020 .
"Sentry and Marret each have a disciplined investment approach and extensive experience in the specializations required for these portfolios," said
"Marret's expertise as active fixed-income investors, especially in corporate credit, make the team a natural fit for the CI First Asset Active Credit mandate. For CI Canadian Small/Mid Cap, we selected Sentry as part of a move to increase the fund's allocation to
Marret is a specialist fixed-income investment firm focused on corporate credit strategies. The team's experience includes investment-grade and high-yield corporate credit, short-term cash alternatives, and opportunistic distressed debt. Lead Portfolio Manager will be
The Independent Review Committee of the funds has reviewed the portfolio management changes with respect to potential conflict of interest matters and provided its positive recommendation, having determined that they achieve a fair and reasonable result for each of the funds.
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